Grupo Antolin plans to open an automotive components operation in Kansas City that is expected to create 118 jobs and revamp a building in the East Bottoms.
The Spanish firm is seeking a $10.5 million industrial revenue bond from the city, part of an overall $18 million investment planned for the 148,800-square-foot building at 1601 Southern Road. The request is scheduled to be reviewed Wednesday by a Kansas City Council committee.
According to documentation filed with the request, the planned Grupo Antolin Missouri LLC facility will manufacture automobile industry components. The 118 jobs expected to be created will pay an average annual wage of more than $31,000.
The city will own the property during the 10-year period the revenue bonds are being repaid. The $10.5 million bond will be used to equip and furnish the components plant.
Grupo Antolin is the latest automotive components company to expand or open an operation in Kansas City as a result of the big reinvestments by Ford and General Motors in their local assembly plants.
Ford has spent $1.1 billion on its Claycomo complex for production of the F-150 and Transit van, and the workforce has expanded to 4,000 in recent months. GM is investing $600 million in its Fairfax plant, which employs 3,900 hourly and salaried employees.