Transmission parts supplier to invest $42 million in Mich. plant
DETROIT -- Transform Automotive LLC is expanding in Michigan after landing a new contract to build transmissions parts.
The machined, metal-stamped and laser-welded parts supplier plans to invest nearly $42 million to lease and build out a new manufacturing plant in Shelby Township, Mich., a suburb east of Detroit.
The project is supported by a $550,000 Michigan Business Development Program performance-based grant on the condition it creates 77 new jobs, according to Michigan Economic Development Corp. documents.
Shelby Township approved a 12-year property tax abatement valued at $1 million for the project as well.
The customer to which the transmission parts will be shipped was not disclosed.
Transform, a subsidiary of Chicago-based Amsted Industries Inc., operates two plants in Shelby Township and employs 155.
You can reach Dustin Walsh at email@example.com.