Brembo plans to construct a cast iron foundry near its Homer brake and caliper manufacturing plant in Michigan, reported Tire Business.com.
The company intends to spend US$100m building the 323,000 sq ft facility, financing it through cashflow, while the state of Michigan and the Michigan Economic Development Corporation will provide incentives worth $3.5m.
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Once built, the facility is expected to produce up to 80,000 metric tonnes of brake disc castings. Construction is expected to begin in 2015 and the factory complete in 2017.
Brembo said the foundry will allow the company “to bring together all phases of production in order to guarantee greater process efficiency”.
The engineering and technical offices and warehouse space along with the foundry will create 250 jobs at the foundry and the company’s R&D centre and headquarters in Plymouth.
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