American Axle & Manufacturing Holdings, Inc. is investing more than $100 million in its Three Rivers Manufacturing Facility, in Three Rivers, Michigan, with plans to create more than 500 new jobs while further diversifying its product portfolio and customer base in North America.
AAM is leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles.
The company said its investment will include installation of new production lines, multiple assembly stations, paint line modifications, additional shipping and receiving capacity and upgrades to the facility's business offices and lobby. To complete the project, AAM 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 President & Chief Executive Officer David C. Dauch. "For the past two years, we have been preparing the Three Rivers Manufacturing Facility for this new business launch. Now, we are in a growth mode and hiring hundreds of associates. This is exciting news for the State of Michigan, the City of Three Rivers and for AAM."
The firm said last year AAM invested more than $50 million and created nearly 300 new jobs in Michigan. This investment represents technologically advanced machining equipment, R&D laboratory equipment, IT infrastructure upgrades and more. Anchored by its global headquarters in the City of Detroit, AAM operates a total of seven facilities in Michigan.
"AAM will continue to make investments in Michigan, North America and regions across the globe where we are privileged to do business," added Dauch. Information on tax and job creation incentives for which the firm may be eligible was not immediately available.