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France-Based Auto Supplier Investing $15 Million for Alabama Factory
Area Development Online News Desk (11/19/2009)
Faurecia North America, a subsidiary of France-based automotive supplier Faurecia, will invest US$15 million to build a manufacturing facility in Cottondale, Alabama, according to the Tuscaloosa News. The company plans to create 195 new jobs at the factory, which will supply parts as a just-in-time supplier to the Mercedes-Benz plant in Vance, Alabama, approximately 3.5 miles away. Faurecia's major products are seats, vehicle interiors, front ends, and exhaust systems. No specific information was released regarding financial incentives, but the News reports that state and local economic development officials are expected to approve tax abatements and other incentives. Construction on the factory is scheduled to begin in January 2010.
 
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