MARYSVILLE, Mich. (AP) — An auto industry parts supplier says it's investing $40 million to expand its Marysville facility and plans to add more than 350 jobs during the next three years.
The Times Herald of Port Huron reports (http://bwne.ws/1aeLDtX ) the announcement was made Thursday by SMR Automotive Systems.
Sai Tatineni, managing director of the Marysville facility, says sites in other states and Mexico were considered, but the company decided on Michigan after working on the project for several months.
SMR received a $4 million Michigan Business Development Program performance-based grant through the Michigan Strategic Fund and the Michigan Economic Development Corp. Marysville also is expected to provide property tax abatements to support the expansion.
The company, which specializes in exterior mirrors for vehicles, also plans to buy a 100,000-square-foot warehouse in Port Huron.