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Press Room Lear Corporation Breaks Ground on New Facility in Flint

SOUTHFIELD, Mich.--(BUSINESS WIRE)--

Lear Corporation (NYSE: LEA), a leading global supplier of automotive

seating and electrical systems, today broke ground on a new seat

manufacturing facility located on the former site of the historic Buick

City complex in Flint, Mich.

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Ray Scott, executive vice president of Lear Corporation and president of

Lear's seating business, was joined by Flint Mayor Karen Weaver and Tom

McMillen, executive director, Interiors & Safety, Global Purchasing &

Supply Chain at General Motors.

Jason Scott, global vice president for Lear's GM seating group,

presented an informational overview including specific plans for the

Flint plant, and Gerald Kariem, Director of UAW Region 1D, provided

additional remarks.

Lear's Flint seating plant will be the first major automotive supplier

manufacturing facility constructed in Flint in more than 30 years. Plans

call for the 156,000-sq.ft. facility to begin production of seats by

April 2018. The world-class facility will employ approximately 600

workers, when it reaches full production. Thirty percent of the 33-plus

acre site will be green space.

Lear chose the Buick City site for a number of reasons including: its

proximity to the homes of many of its workers, the location of the GM

plant, as well as the corporation's objective to give back to the

communities in which it operates. The Flint area has been hard hit in

recent years, and Lear also wants to bring manufacturing back to the

area since many manufacturing jobs in Flint have been lost over the past

several decades.

Flint holds sentimental value for Ray Scott, who grew up in Flint

and worked while attending the University of Michigan-Flint delivering

parts just-in-time to General Motors.

"I have a lot of pride in Flint; it helped shape who I am today," he

said. "We had options for other locations that we considered, but what

was important to us was that this was the right thing to do from a

community standpoint. To build a modern, state of the art facility at

that location is very symbolic and historic."

Lear worked with GM and the City of Flint while deciding on the location

for the new manufacturing facility. The Michigan Strategic Fund board

approved a $4.35-million Michigan Business Development Program

performance-based grant to support Lear's $29.3-million capital

investment at the site, which includes the subassembly and final

assembly of automotive seats.

"We have a long relationship with Lear during its 100 years of

business," said Mr. McMillen. "Lear has earned GM's coveted Supplier of

the Year designation 16 times and our partnership continues as we both

commit to this next phase for Flint. Our next-generation vehicles to be

produced in Flint are our newest step in almost $3 billion we have

invested in Flint since 2009."

"We are proud to partner with Lear on this exciting new project," said

Mayor Weaver. "We are pleased to have established a good relationship

with a company that has demonstrated it supports the communities where

it does business. This project will provide opportunities for Flint

residents and an overall positive impact on our local economy. Both Lear

and the City of Flint are looking positively to the future."

About Lear Corporation

Lear Corporation (NYSE: LEA) was founded in Detroit in 1917 as American

Metal Products. In 2017, the Company will celebrate its 100th year

anniversary. Lear is one of the world's leading suppliers of automotive

seating and electrical distribution systems. Lear serves every major

automaker in the world, and Lear content can be found on more than 400

vehicle nameplates. Lear's world-class products are designed, engineered

and manufactured by a diverse team of approximately 156,000 employees

located in 38 countries. Lear currently ranks #151 on the Fortune 500.

Lear's headquarters are in Southfield, Michigan. Further information

about Lear is available at lear.com or follow us on Twitter

@LearCorporation.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171002006087/en/

LearMel Stephens248.447.1624

Source: Lear Corporation

News Provided by Acquire Media

Posted on 10/2/2017

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