Tuesday, March 13, 2007
As FACTON, Kostal, MBtech Invest, Governor in Germany Seeking More
Governor Jennifer M. Granholm today announced three Germany-based firms, FACTON Inc., Kostal of America and MBtech Autodie, will expand operations in Michigan as a result of assistance from the Michigan Economic Development Corporation. The projects are expected to create and retain more than 700 jobs and involve a total of $20 million in capital investment. Granholm made the announcement in Germany following individual meetings with officials from the three companies and MEDC President and CEO James C. Epolito. Granholm and Epolito are on the second day of an investment mission to encourage German companies to invest and create jobs in the state.
The three projects announced today:
- FACTON Inc.
- Kostal of America Inc.
- MBtech Autodie, LLC
The projects are three of 10 announced by the governor today. In all, they are expected to create and retain a total of 14,358 Michigan jobs.
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