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© firaxissmooke dreamstime.com Electronics Production | March 26, 2019

erae AMS USA Mfg secures backing for development of Michigan plant

The Michigan Strategic Fund (MSF) has pledged support to three auto-industry related business expansions expected to generate a total of USD 29.6 million in private investment and create 262 jobs in Michigan, according to the Michigan Economic Development Corporation.

According to a MEDC press release, one of the three businesses, Korea-based erae AMS USA Manufacturing LLC, is a subsidiary of erae AMS Co. Ltd., a Korea-based Tier 1 supplier of driveline systems, chassis, and electronics systems and components. The parent company, which already has a workforce of 1,600 employees worldwide, seeks to establish a new manufacturing facility to be closer to key customers and plans to lease new operations in the city of Pontiac. The project, expected to generate a total private investment of USD 17 million and create 137 jobs, earned a USD 685,000 Michigan Business Development Program performance-based grant. It has been reported that a tax abatement of approximately 40-50% has been offered by the city of Pontiac in support of the project. “Oakland County is a global leader in the attraction of Tier 1 automotive suppliers and we’re excited erae AMS USA Manufacturing chose Pontiac for its newest manufacturing facility,” Oakland County Executive L. Brooks Patterson said. The two other companies named in the development package are Concord Development Inc., a Tier 1 supplier of tool and die engineering and construction, stamping, projection and spot welding, robotic welding, and Ventra Evart LLC, a subsidiary of Flex-N-Gate, a Tier 1 supplier of plastic automotive components. “The decision by these Tier 1 auto suppliers to not just expand but to establish new facilities in Michigan further underscores our leadership position in automotive manufacturing and the strength of our talented workforce. Collaboration with our local partners is key to attracting these kinds of investments and further building the economy around the state,” said Jeff Mason, CEO, Michigan Economic Development Corporation, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF. erae AMS was formed in 1984 in Daegu, Korea. The company established its North American presence in Farmington Hills, Michigan, in 2010.
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September 20 2019 5:48 pm V14.4.1-2