STERLING HEIGHTS, Mich. (Dec. 17, 2009)—Auto supplier U.S. Farathane Corp. will invest $51.7 million to create a global headquarters in Auburn Hills, Mich., creating 398 jobs.
U.S. Farathane is currently based in Sterling Heights. The company did not provide any details on its plan, but the Michigan Economic Development Corp. noted in a Dec. 15 news release that the company will receive a $3.7 million tax credit to help finance the work.
USF specializes in two-shot injection molding of functional auto parts, insert molding, compression blow molding and automated assembly.
The company was considering alternative sites in Tennessee, Indiana and Ohio. The Michigan Economic Growth Authority also has approved a $7.2 million retention credit for keeping jobs in the state.