Auto Parts Supplier Expands in Troy, MI | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

Automotive parts supplier ArvinMeritor will invest $23 million in facility and equipment upgrades to its headquarters in Troy, MI. The company got approval from the Troy City Council this week for personal and real property tax abatements that will total $2.4 million, $454,457 which will be city taxes, over a 12-year period. ArvinMeritor, which specializes […]


https://businessfacilities.com/2011/01/auto-parts-supplier-expands-in-troy-mi/
Automotive parts supplier ArvinMeritor will invest $23 million in facility and equipment upgrades to its headquarters in Troy, MI. The company got approval from the Troy City Council this week for personal and real property tax abatements that will total $2.4 million, $454,457 which will be city taxes, over a 12-year period. ArvinMeritor, which specializes […]
Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Auto Parts Supplier Expands in Troy, MI

Auto Parts Supplier Expands in Troy, MI | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

Automotive parts supplier ArvinMeritor will invest $23 million in facility and equipment upgrades to its headquarters in Troy, MI.

The company got approval from the Troy City Council this week for personal and real property tax abatements that will total $2.4 million, $454,457 which will be city taxes, over a 12-year period.

ArvinMeritor, which specializes in heavy duty truck, defense and industrial drive train components, will invest $10.7 million in new equipment and $6.4 million in facilities upgrades within the next five years. The upgrades are part of ArvinMeritor’s plans expand its output of hybrid drive train systems and enhanced safety features on defense vehicles, and re-enter the off-highway axle and brake markets.

The upgrades will allow ArvinMeritor to add 125 engineers, designers and technicians to its current staff of 749. The average salary of these new jobs will be $1,185 per week.

Suggested Links:

You Might Like:

  • Toyota Investing Over $373M In Five U.S. PlantsThe investment in manufacturing plants in Kentucky, Tennessee, West Virginia, and Missouri will support the company’s first American-made hybrid powertrain and implement Toyota's New Global Architecture at its […]
  • MANA Opens New Southeast Michigan HQ, Manufacturing FacilitySoutheast Michigan's first new OEM operation in more than 25 years is part of a $230 million investment in the region. By 2020, additional projects will result in 400 more jobs and another $600 million in investment
  • Defense: The Best OffenseNations around the world are increasing their defense budgets; the sophisticated weaponry of the U.S. aerospace industry guarantees it will get a big slice of the pie.
SHARE
Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Previous articleAlaska Expands Development Incentives
Next articleRising tide of red ink

LEAVE A REPLY