Friday, November 19, 2004
Mike Shore, MEDC
Kipp to Set Up Warehouse/Distribution Center in Wayne County
"This truly has been a remarkable and productive mission," Granholm said. "Michigan's advanced automotive technology and emerging business sector strengths make it a prime location for German companies seeking to establish a North American presence. Through these meetings we have built relationships with company leaders that hold the promise to help us become a global economic powerhouse in the 21st century."
Granholm noted that while the mission was part of a long-term strategy to build relationships with leaders of German companies, it had a significant near-term impact as well. In addition to the Kipp project, the Governor announced this week the following German company investments in Michigan:
pgam corporation will invest $15 million to expand its operations in Auburn Hills and hire 117 new Michigan workers;
Behr Industries will add 30 new workers at its sophisticated Comstock Park manufacturing facility;
The investment mission to Germany was Granholm's first overseas travel as governor, and focused on forging stronger alliances with the leadership of that country's automotive and new technology industries.