Bridgestone APM, a wholly owned subsidiary of Bridgestone Corporation, has announced plans to construct a new manufacturing facility in the Vantage International Point industrial park in Niagara County, NY.
Supported by a New York State grant and tax credits and Niagara County economic development tax incentives, the company and developer will invest $13.6 million to construct a new 65,000 square-foot manufacturing facility on an 11-acre site in the Town of Wheatfield, NY.
Montante Group, the project’s developer, will invest approximately $6.5 million to construct the facility. BAPM will lease it and invest an additional $7.1 million in machinery and equipment.
The new plant will produce polyurethane foam used in car seats. The bulk of the plant’s production will be exported to Canada for its automotive market.
BAPM expects to create 89 direct new jobs in Niagara County within five years. In a release announcing the project, Governor Andrew M. Cuomo said that “I am proud to welcome Bridgestone APM to Niagara and I look forward to seeing the manufacturing sector continue to thrive in Western New York for years to come.”
In order to secure the project, lead New York economic development agency Empire State Development Corporation offered the company up to $1.2 million in Excelsior tax credits. The New York State Office of Community Renewal is furthermore providing a grant of $750,000 to offset a portion of BAPM’s machinery and equipment costs.
ESD President and CEO Howard Zemsky noted that “Western New York’s revival and proximity to Canada was a distinct advantage in beating other states that were vigorously competing for the new facility and the dozens of jobs it will bring.”
For its part, the Niagara County Industrial Development Agency (NCIDA) chipped in with a 15-year tax abatement that will save BAPM an estimated amount of almost $3.2 million.
NCIDA Chairman Henry M. Sloma added that “The NCIDA successfully competed with other counties and was able to be a part of an incentive package that attracted a company that will provide 89 people with good paying jobs.”
Takao Ishibashi, executive vice president of the Foam Products Division at Bridgestone APM, was appreciative of the support provided by state and local agencies.
“Empire State Development, the Buffalo Niagara Enterprise, the Niagara County Industrial Development Agency (NCIDA) and the Town of Wheatfield worked collaboratively with us during every stage of our site selection process,” said Ishibashi. “Bridgestone APM Company is on a very tight timeline to construct our facility and begin production. We appreciate all of the hard work from state and local economic development professionals to make this happen.”
Findlay, OH-based Bridgestone APM Company specializes in the design, development and manufacturing of vibration isolation, energy absorbing pads and foam seat components for the automotive industry. The company was established in 1987 as a joint venture between Clevite Elastomers of Milan, OH and Bridgestone Corporation of Tokyo, Japan, and is now a wholly owned Bridgestone subsidiary.