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.

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