Cooper-Standard Automotive Inc. announced Dec. 18 that it plans to build a new global headquarters in Northville, Mich.
The automotive supplier will move out of its current headquarters in neighboring Novi, Mich., after its new headquarters is completed in early 2020, the company said in a news release.
The new three-story, 110,000-square-foot headquarters will house approximately 400 employees.
The new headquarters will reflect more modern workspaces with an open-concept office space, video conferencing areas and outdoor spaces, the company said.
"This is an important new chapter for Cooper-Standard that will help ensure our competitiveness and ability to recruit and retain talent," Jeffrey Edwards, chairman and CEO, said in the release. "The new Northville facility will enable easy access for our stakeholders and provide an environment that will support and contribute to the future growth of the company."
As part of the project, Cooper-Standard plans to create 130 new jobs in Northville with an investment of up to $15.3 million. The Michigan Strategic Fund is supporting the new hires with a $1.3 million grant to offset the costs of the expansion, the Michigan Economic Development Corp. said in a memo.
Cooper-Standard employs roughly 33,000 worldwide with nearly 2,000 in Michigan, at production plants, technology centers and offices in 20 countries. The supplier reported income of $135.3 million on revenue of $3.6 billion in 2017.
It makes plastic and rubber seals, fuel hoses and anti-vibration products.
