Missouri beat out four other states, including Kansas, to attract a new automotive supply plant to Riverside, the president of U.S. Farathane Corp. said Tuesday.
“It was a matter of location, people and incentives,” said Andy Greenlee, U.S. Farathane’s president, in an event announcing the Michigan-based company is opening a manufacturing location in the Riverside Horizons Business Park. “The logistics were great and the energy was critical.”
The facility, in 220,000 square feet of leased industrial space that was built speculatively, is expected to be operating by June and create 267 jobs over the next three years.
Gov. Jay Nixon and economic development leaders from Riverside, Platte County and the Kansas City area touted Missouri’s focus on workforce training and development as a key factor attracting the privately held company to invest $51.6 million in its 11th manufacturing facility.
The Missouri Department of Economic Development offered an incentive package that U.S. Farathane will receive if it meets job creation and investment criteria. Incentives include $2,146,926 from the Missouri Works tax credit program and $285,000 in Missouri Works Training funds.
Greenlee said Missouri didn’t offer the most financial incentives, but other factors, including excellent cooperation at the city, county, regional and state levels, tipped the expansion choice in Riverside’s favor.
U.S. Farathane is a plastics manufacturer that makes injection-molded functional and decorative parts for the vehicle industry. Development officials said the company will supply trim for the Chevrolet Malibu made at the General Motors Fairfax plant in Kansas City, Kan., and for the Ford F-150 pickup truck and Transit van made at the Ford Claycomo plant, among other products.
Plant general manager Charles Browne said the site will open with about 60 workers on one shift and ramp up to about 170 running three shifts five days a week by this fall. Interested applicants should apply online at usfarathane.com.
Mayor Kathy Rose of Riverside said U.S. Farathane represents the sixth major tenant announcement for the Horizon Business Park, a former field developed by NorthPoint Development, and the fifth announcement focused on the automotive supply industry.
One auto supply neighbor in the business park is Martinrea International, which has a 276,560-square-foot manufacturing facility to supply engine cradles and automotive assemblies for the General Motors Fairfax plant. According to a February announcement, Martinrea plans to hire about 300 employees when it’s at full production.
Martinrea, based in Canada, received more than $3.2 million in tax credits and job training incentives from Missouri.
The business park also was chosen in April 2013 by a Chinese company that began construction on a 258,000-square-foot plant to supply interior components such as door panels, floor consoles and instrument panels for GM vehicles. The $45 million project by Yanfeng USA Automotive Trim Systems opened last year. When fully operational, the company said, it will employ about 260 workers.
The Yanfeng plant received an incentive package valued at $7.85 million, including $3.1 million in Missouri Quality Jobs tax credits, $3 million in Missouri Build bonds, $50,000 in customized training and a $1.7 million federal Community Development Block Grant for Riverside.
The governor’s office said Missouri in the last two years also has attracted operations for Grupo Antolin, Janesville Acoustics, Leggett & Platt, SRG Global, Adrian Steel, Toyota Bodine and Faurecia.
Nixon said the state was assisted in recruiting U.S. Farathane by the Kansas City Area Development Council, the Platte County Economic Development Council, the city of Riverside, NorthPoint Development, Arco Construction, KCP&L, Metropolitan Community College and KC SmartPort.