Tuesday, August 02, 2005
Liz Boyd, Governor's Office
Meetings with Company Leaders Score Major Gains for State
LANSING - Wrapping up her investment mission to Japan, Governor Jennifer M. Granholm today announced eight additional companies expressed to her and the Michigan delegation their plans to invest and create new jobs in Michigan in the near future. The eight companies are: Hitachi Automotive, Sekisui Chemical, Nippon Antenna, Nippon Piston Ring, Advanced Special Tools, Nakagawa Special Steel, Taiko Device Technologies and A&D Inc.
A total of 10 companies stated their intentions to expand at the conclusion of Granholm's five-day investment mission. In addition to DENSO and Tokai Rika, the following eight companies are expected to invest a total of approximately $30 million and create more than 150 new Michigan jobs over the next several years:
Nippon Antenna is undertaking a site search for a new R&D facility in Michigan. The company produces a variety of antenna devices, including automotive and satellite systems, and currently has a sales center in Farmington Hills.
Nippon Piston Ring is completing a new plant in Grand Haven under the name NPR Manufacturing Michigan and preparing to hire new workers. The company currently operates its Assembled Camshafts, Inc. in Grand Haven.
Advanced Special Tools in Battle Creek will create a new subsidiary called Advanced Plastics Molding in Battle Creek. AST currently employs 55 workers at its manufacturing facility in Battle Creek's Fort Custer Industrial Park.
Taiko Device Technologies is opening its first North American office in Southfield. Established in 1968, Taiko manufactures and sells various electronics devices such as relay systems for automobile use.
A&D Inc. is establishing A&D Technology Inc. as its wholly owned subsidiary in Ann Arbor to commence development of its DSP (Measurement, Control and Simulation Systems) business in the North American region. The company is investing $500,000 and hiring several employees. The company also recently acquired MTS Systems Corp.'s Powertrain Technology Division in Ann Arbor.
In addition to the intention expressed by eight company expansions announced today, the Governor announced last week the following company investments in Michigan:
DENSO will invest $36 million to expand its North American headquarters in Southfield and create 250 new jobs;
Tokai Rika will invest $50 million to grow its operations in Battle Creek, Jackson, and Plymouth, creating 230 new jobs;
"This was a five day mission," said Granholm, "but it was part of a larger strategy to make Michigan the nation's hub of the 21st century high-tech automotive and life science industries."
"The commitment of these companies shows that our focus on diversifying and strengthening our economy is working," Granholm said.
The investment mission to Japan was Granholm's second overseas travel as governor, and focused on fostering job-creation leads within the automotive, life science, and alternative energy industries.