A company that makes high-strength, laser-welded steel blanks for the auto industry will mark the grand opening of its $83 million facility in Detroit next week.

Mayor Mike Duggan and business leaders are expected to attend the Feb. 26 event at ArcelorMittal Tailored Blanks Detroit — the company's first wholly-owned Michigan manufacturing operation.

The 313,000-square-foot facility is in the I-94 Industrial Park on the city's east side. The 186-acre industrial park is a prime site for new manufacturing operations in Detroit.

The company said 85 employees currently work at the site and another 40 jobs are expected to be added over the next five years.

ArcelorMittal Tailored Blanks is a subsidiary of steel and mining company ArcelorMittal. It was created in 2006 through the merger of Arcelor and Mittal Steel.