American Axle & Manufacturing Holdings, Inc. (IW 500/310) announced on Friday that it is investing more than $100 million in its Michigan Three Rivers Manufacturing facility.
The investment is expected to create more than 500 new jobs.
In addition to the installation of new production lines, the plant will increased multiple assembly stations, paint line modifications, additional shipping and receiving capacity and upgrades to the facility's business offices.
The company points out that it has “sourced millions of dollars of business to Michigan-based companies, and in turn, is positively impacting multiple communities in the state.”
"Last fall, we announced that AAM would be bringing new business to Michigan," said AAM CEO David C. Dauch. "For the past two years, we have been preparing the Three Rivers Manufacturing facility for this new business launch.”
Last year, AAM invested more than $50 million and created nearly 300 new jobs in Michigan. The company, which is headquartered in Detroit, operates seven facilities in Michigan.