Two projects announced by West Michigan regional economic development organization The Right Place, Inc. will bring nearly 1,000 jobs and $169 million in investments to the region.
The Right Place, Inc. and other local partners in the cities of Greenville and Walker, MI worked with the Michigan Economic Development Corporation to secure the Dicastal North America and Plasan Carbon Composites, Inc. projects.
Dicastal North America is a new business entity created by Chinese aluminum wheel manufacturer CiTiC Dicastal Co. Ltd.
Dicastal will be opening a new aluminum alloy manufacturing plant with a capacity to produce three million wheels annuallyin the former Uni-Solar facility in Greenville, MI. Dicastal has acquired the 98-acre parcel and intends to expand it to add another 100,000 square feet of manufacturing space.
The company’s $140 million investment and plans to create 300 new jobs over the next four years is being supported with a package of local and state incentives worth a total of around $8.5 million. This includes state grants under the Michigan Business Development Program, a CDBG grant allocation, energy incentives and property tax abatements.
The Right Place, Inc. President and CEO Birgit Klohs said in a statement that this economic development project underlines the importance of having a strong international business development strategy for West Michigan and working with partners including the City of Greenville and the MEDC.
The other project announced by The Right Place is a $29 million expansion by Plasan Carbon Composites, Inc. in the City of Walker, MI. The automotive tier one manufacturer supplies carbon fiber parts and assemblies, and relocated its headquarters to Wixom, MI last year.
The company already has 350 employees at its existing 197,000-square-foot facility in Walker, but consolidation of operations in Walker has caused it to reach capacity quickly and the company needs to further expand manufacturing capacity.
The $29 million expansion project will create 620 new jobs over the next three years at the plant in Walker.
Plasan Carbon Composites is getting $6 million in incentives for this expansion project, including a state grant under the Michigan Business Development Program and additional local incentives from the City of Walker.
Plasan Carbon Composites President Jim Staargaard said their experience in launching the new facility in West Michigan has been great and made easy the decision on how and where to expand with their next phase of growth.