Italian auto supplier invests $78.4M in plant, 254 jobs
A brake systems maker is planning to invest more than $78.4 million to build a plant and create 254 jobs in the region.
The Plymouth-based auto supplier Brembo North America — the largest wholly owned subsidiary of Brembo S.p.A. in Stezzano, Italy — will purchase property and construct a plant in Albion Township, east of Battle Creek, to produce brake rotor castings, the Michigan Economic Development Corp., or MEDC, said on Tuesday.
Brembo also has a plant in Homer, where it produces brake discs, calipers and corner modules for cars and commercial vehicles.
MEDC, the state’s marketing arm, said that Brembo has been awarded a $2 million Michigan Business Development Program performance-based grant for the project.
For job training, Brembo will receive $1.5 million in Community Development Block Grant funds.
The company has also received an amendment to its existing Michigan Economic Growth Authority, or MEGA, tax credit to extend the length of the credit and "allow for the additional jobs."