Editor’s note: This story will be updated.

HUNTSVILLE — BOCAR, a Tier 1 automotive supplier, plans to invest $115 million in a new plant to be built in Huntsville in Limestone County. The company will hire more than 300 people, adding to the state’s booming automotive manufacturing sector.

BOCAR company leaders made the announcement on Thursday at the Huntsville/Madison County Chamber along with representatives of the City of Huntsville and Limestone County.

“We are glad to invest in Huntsville, Alabama, where good infrastructure, talented people and a host of excellent universities will develop our business while contributing positively to the social and economic development of this community,” said Gerd Dressler, CFO of BOCAR Group.

The plant will be built on a site strategically located on the northern side of Bibb Garrett Road, adjacent to Interstate 65. This will allow the company quick access to be able to ship parts to automotive companies north and south of the Tennessee Valley. Construction is scheduled to begin in the Spring of 2018 and production should begin two years later.

BOCAR is a German company with a presence in the United States, Germany, Mexico and Japan. It is a high-end technology and quality-driven automotive company with extensive experience producing high pressure aluminum die casting, plastics and machining for companies such as Nissan, Ford, GM and Toyota.

“BOCAR is highly praised for its attention to quality and excellence,” said Huntsville Mayor Tommy Battle. “And when a company like that puts its seal of approval on Huntsville, it is recognizing our pro-business climate and our highly skilled workforce.”