Tuesday, May 16, 2006
Michael Shore, MEDC
Governor Closes Deal to Create 120 New Jobs and $33.9 Million Investment
After meetings today with executives at major Japanese companies,
Granholm said that in each case, these are companies she had met with in the past or has been working with to encourage expansion in Michigan.
The expansions announced today are:
- Konica Minolta Holdingsrecently purchased newspaper printing plate manufacturer American Litho in Grand Rapids. Konica plans a second phase expansion of the facility which is expected to create $13.3 million in investment and 70 new jobs. The first phase is currently under way. Together the projects will result in the creation of about 100 new jobs and more than $23 million in private investment.
Heavy electrical equipment manufacturer Meidensha plans to expand its existing Novi facility by adding testing operations there. The project is expected to create 30 new jobs and $10 million in private investment. The company currently employs seven people in Michigan.
Shikoku Cable Companyplans to expand its sales operations in Novi. The company manufactures coaxial cable for the satellite and cable television industry. The project is expected to invest $250,000 and create two new jobs.
Automotive seating manufacturer Taichi-S is planning to expand its existing engineering facility in Farmington Hills. The project is expected to create $700,000 in private investment and 20 new jobs. The company also operates a subsidiary know as Technotrim in Livonia that makes automotive seat covers.
Granholm also met with officials of Hitachi Automotive Products and Nippon Piston Ring. Both companies are currently expanding in Farmington Hills and Grand Haven respectively. She announced the projects during her investment mission to Japan last July. The expansions are expected to result in 35 new jobs and $9.5 million in private investment.
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