The Autocam group of companies has announced a plan to invest over $32m and create 200 new jobs in the next five years. Part of that expansion includes a six-year tax abatement from the Michigan Economic Growth Authority (MEGA).
“This is the type of collaboration and support growing Michigan businesses like Autocam need to compete and succeed,” said Birgit Klohs, president and CEO, The Right Place. “This project is the result of the full cooperation and teamwork of our partners in Kentwood and the state. We remain in a highly competitive global environment, and our ability to quickly work together gives us a powerful strategic advantage.”
This partnership with MEGA will position the organization to capitalize on the transportation market’s transition toward more fuel-efficient and environmentally friendly vehicles. This demand is expected to steadily increase over the coming years as emissions standards become more stringent domestically and internationally. In addition, the organization will have the financial flexibility to invest in projects that will support the enormous growth trends currently seen for surgical implants, instruments and devices.
Autocam is a world leader in the manufacture of high-volume, precision-machined, extremely close tolerance, specialty metal alloy components and assemblies sold to the transportation and medical device industries. Autocam serves transportation and medical companies around
the world from 14 facilities in North and South America, Europe and Asia.