|NORTHVILLE, Mich. - Hayes Lemmerz International, Inc.
demonstrated its support for Michigan's continued economic development by announcing today
that it intends to construct a new foundry for production of aluminum knuckles,
crossmembers and control arms, in Montague, Michigan. Construction on the planned 147,000
sq. ft. facility will begin in mid-March.
Earlier today, the Michigan Economic Growth
Authority (MEGA) announced the approval of a tax credit for Hayes Lemmerz worth an
estimated $2.3 million over 20 years. The tax credit was central to the Company's ability
to establish its new operations.
"Hayes Lemmerz appreciates the assistance from the State of Michigan. It makes it
possible to keep our operations in Michigan," said John Salvette, Hayes Lemmerz'
North American Components Group president. He adds, "The expansion is required in
order to handle new customer business and will provide new and advanced processing
Hayes Lemmerz International, Inc. is one of the world's leading global suppliers of
automotive and commercial highway wheels, brakes, powertrain, suspension, structural and
other lightweight components. The Company has annual sales of $2.3 billion with 43 plants,
8 joint venture facilities and over 15,000 employees worldwide.
(Feb. 22, 2000)