Plasan Carbon Composites planned expansion, will bring 202 new jobs and $18 million in capital investment to West Michigan
In collaboration with the Michigan Economic Development Corporation (MEDC) and local partners Plasan Carbon Composites announced today a new manufacturing expansion in the City of Walker. The MEDC approved the amendment to an existing High Technology MEGA tax credit for Vermont-based, Plasan Carbon Composites. The amendment will clear the way for a new manufacturing facility in the City of Walker, and is expected to generate over $18 million in capital investment, creating 202 new jobs over the next three years.
Plasan Carbon Composites is an automotive tier one manufacturer of carbon composite components such as hoods, roofs, and fenders for low volume, luxury vehicles. Through its research and development efforts, the company has developed a new manufacturing process enabling high volume production of automotive components. The company’s new facility, located at 3195 N. Wilson Drive, Grand Rapids, Michigan, in the City of Walker, will implement this new process, establishing a high volume production facility enabling Plasan Carbon Composites to pursue high volume automotive component opportunities.
Plasan is part of the next generation of smart manufacturing and advanced materials in the automotive industry, The Right Place is there to ensure that, as companies like Plasan grow, they grow in West Michigan.
said George Bosnjak, Business Development Manager, The Right Place, Inc., and project lead for the expansion.
The expansion project began in December 2010 with an initial meeting with The Right Place. Based on preliminary discussions and project requirements, Bosnjak led the business case for West Michigan, coordinating with local real estate resources and leading site tours of several potential facilities in the area. Once a facility was determined, Bosnjak led the coordination with the MEDC, the City of Walker, and the company to determine possible economic incentives for the expansion to ensure the project stayed in West Michigan. The Right Place will continue working with Plasan Carbon Composites, connecting the company with regional recruiting and workforce training resources.