With support from the Michigan Strategic Fund, Oerlikon Metco, a New Jersey-based additive manufacturing company, will establish a new facility in Plymouth Township. The project is expected to create 67 jobs and generate $49.7 million in total investment.
Oerilkon Metco’s new advanced powder manufacturing facility will focus on additive manufacturing, 3-D printing, and other high-tech applications.
As a result, the company has been awarded a $600,000 Michigan Business Development Program performance-based grant. Michigan was chosen for the new facility over competing sites in Pennsylvania and New York. Plymouth Township is also providing a property tax abatement for the project.
“We intend to take a leading position in the industrialization of additive manufacturing and are convinced that the facility in Plymouth Township will ignite this ambition,” says Roland Fischer, CEO of the Oerlikon Group. “This investment marks an important step in our plans to grow our strong presence in North America, and is a key milestone for us to become a leading service provider for the fast-expanding additive manufacturing market.”
Oerlikon, a global technology group, seeks to establish leading competitive positions in surface solutions, advanced materials, materials processing, spray guns, and materials. The company also invests in developing lighter, more durable materials that are able to increase performance, improve efficiency and reduce the use of scarce resources.
A Swiss company with more than 100 years of experience, Oerlikon has more than 13,500 employees at more than 170 locations in 37 countries and recorded sales of CHF 2.7 billion in 2015 (Swiss franc). The company invested CHF 103 million in R&D in 2015, and has more than 1,350 specialists developing innovative and customer-oriented products and services.