Two international companies in the automotive and manufacturing industries will open new facilities in Troy. Promac, an Italian automotive supplier, will open the company’s first presence in North America; and Switzerland-based APAG Elektronik AG, a design and manufacturing firm, will open a sales office and is considering a larger manufacturing facility.
“We are proud of the business climate we’ve created for international companies and the infrastructure available to support their business,” says L. Brooks Patterson, executive of Oakland County.
Patterson says the two manufacturers met with Oakland County economic developers at the SelectUSA Investment Summit in Washington, D.C., a program that encourages international investment in the U.S.. About a month later, Promac and APAG Elektronik AG decided to open facilities in Oakland County.
Elektronik AG will open its sales office by this year and is considering building an electronics manufacturing location in Oakland County in 2016.
Promac, produces parts for many industries, including aviation, aerospace, energy, precision prototypes and complex machining, and will open its facility in Troy next month.
“Job-creating investments like these show that companies from all over the world recognize the opportunities offered by the United States,” says Vinai Thummalapally, executive director of SelectUSA.
Oakland County is home to 1,000 international firms from 39 countries. Last year, more than two international businesses a month either expanded or located in Oakland County.