DETROIT -- Automotive supplier Comau Pico plans to build a 1.2 million-square-foot plant in Plymouth Township, Mich., a local official said Tuesday.
The project would cost $70 million to $80 million, said Plymouth Township Supervisor Richard Reaume. He said the company hopes to have the suburban Detroit plant in operation by the end of 2007.
The plant would have about 2,300 employees, Reaume said.
He said the township offered tax abatements to Comau Pico that would cut the property tax on its equipment by 50 percent.
The Michigan Economic Development Corp. also could provide job training grants, said Paul Krepps, managing director of communications for the agency.
Three messages left at Comau Pico's Southfield, Mich., headquarters were not returned Tuesday afternoon or Wednesday morning. Reaume said the property for the plant is owned by the DeMattia Group, of Plymouth, Mich., which could not comment on the deal Tuesday afternoon.
Comau Pico's Michigan-based business was founded in 1939 as Progressive Tool & Industries Co. Comau Group acquired the company in 1999 for a reported $630 million. Comau, of Turin, Italy, is a unit of Fiat S.p.A. At the time of the deal, the combination created one of the world's largest car-production, tool-and-die companies.
Comau Pico supplies industrial automation systems.
You may e-mail Greg Migliore at [email protected]