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The company announces its upcoming move on Cobo Center's marquee.
Adient Ltd., the world's largest automotive seating supplier, plans to move its headquarters to downtown Detroit after being spun off from Milwaukee-based Johnson Controls Inc.
The company Wednesday announced the acquisition of the Marquette Building at 243 W. Congress St. in the heart of downtown for around $20 million. Adient will consolidate corporate functions from various Michigan locations to the downtown Detroit building once the renovation is complete, Crain's Detroit Business reports/
The Marquette Building on West Congress Street.
The company will invest approximately $50 million into renovating the building and will bring roughly 500 jobs to the city, of which approximately 100 will be newly created, a media release says. Adient said it will work with the city to fill as many of those jobs as possible with Detroiters.
"Excited to join the Detroit community!" a company social media manager posts at our Facebook page.
"Adient's decision to choose Detroit from among a large field of competitors to base its global headquarters is another major vote of confidence in where we are headed as a city," Detroit Mayor Mike Duggan says in a statement. He also tweets:
We've had a pretty remarkable seven days in Detroit. In many ways this announcement from @adient may be one of the most remarkable.
— Mayor Mike Duggan (@MayorMikeDuggan) November 30, 2016
500 jobs will be coming to the city of Detroit. There will be 100-150 new jobs here because of @adient bringing their global HQ downtown.
— Mayor Mike Duggan (@MayorMikeDuggan) November 30, 2016
He notes that the newcomer will be the fourth Fortune 500 firm based in the city. (The others are GM, DTE Energy and Ally Financial.
Adient's Detroit presence is expected to generate approximately $17.2 million in income and property tax revenue for the city over the next 12 years, the release says.
Adient has about 75,000 employees at 230 plants in 33 countries.
