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German auto supplier undergoes $100M expansion in Oakland County.

Authors :
Nagl, Kurt
Source :
Crain's Detroit Business; 3/11/2024, Vol. 40 Issue 10, p14-14, 1p
Publication Year :
2024

Abstract

German auto supplier Orafol is undergoing a $100 million expansion in Oakland County, Michigan. The company is building a new factory and expanding its office building in Orion Township. The expansion is expected to create over 50 jobs and is driven by increased business from automakers like Ford, GM, and Stellantis, as well as Orafol Group's business in other segments. The move also serves as a strategic play to mitigate supply chain disruptions and currency exchange risks. The expansion will allow Orafol to increase capacity for the automotive market and move some production from Europe. The factory will support the production of vinyl and polyester products for various industries. The second phase of the project involves the reconstruction of the company's office building and the addition of a second story. The expansion is seen as a significant development for Orafol, allowing them to avoid shipping delays and create local jobs. [Extracted from the article]

Details

Language :
English
ISSN :
08821992
Volume :
40
Issue :
10
Database :
Supplemental Index
Journal :
Crain's Detroit Business
Publication Type :
Periodical
Accession number :
176039323