Kobe Automotive Products plans to invest more than $66 million in their plant at the South Industrial Park for both a building expansion and new equipment.
In November, the company announced an $11 million investment for an additional 39,000 square feet of space and up to 20 new jobs. That expansion is now complete.
Most of Kobe's new investment, $44.2 million, will go toward purchasing new equipment to expand their product line of forged aluminum suspension products. In addition, $20 million will be spent on a new building project. There was no mention of any new jobs being created by the expansion.