Adient, the automotive seating supplier and recent spinoff from Johnson Controls, today announced that it will locate its global headquarters in Detroit, bringing 400 jobs there and adding 100 new jobs.
The company said in a statement that it has acquired the Marquette Building in Detroit’s historic financial district. It plans to invest approximately $50 million into renovating the building.
Detroit Mayor Mike Duggan, Michigan Economic Development Corporation (MEDC) CEO Steve Arwood and Adient Chairman and CEO R. Bruce McDonald announced the plan at a joint press conference.
Adient debuted as an independent, publicly traded company after its separation from Milwaukee-based Johnson Controls on Oct. 31.
Adient is the first Fortune 500 Company to establish headquarters in Michigan since Borg Warner moved from Chicago to Auburn Hills in 2003.
For selecting Michigan as the site of its global headquarters, Adient will receive approximately $2 million from the Michigan Business Development Program for new job creation.
Adient will be consolidating corporate functions from various Michigan locations to the downtown Detroit building once renovations are completed in approximately 24 months.
In addition to the Detroit investment, Adient intends to refurbish its technology and engineering center in Plymouth, Mich. Plans include creating agile team spaces to encourage collaboration.