Create a free Industrial Equipment News account to continue

Auto Suppliers Get Grants for Expansions

The expansions will create 262 jobs.

Concord Tool and Manufacturing is a Tier 1 supplier of tool and die engineering and construction, stamping, projection and spot welding and robotic welding.
Concord Tool and Manufacturing is a Tier 1 supplier of tool and die engineering and construction, stamping, projection and spot welding and robotic welding.
Concord

LANSING, MICH. (AP) โ€” State officials say three auto supply companies have received financial support from the Michigan Strategic Fund to expand their operations.

The Michigan Economic Development Corp. says the expansions will generate a combined $29.6 million in private investment and create 262 jobs.

Concord Tool and Manufacturing Inc. in Mount Clemens was awarded $300,000 for its tool and die plant, which ships products to Toyota facilities in North America.

A $685,000 grant was given to erae AMS USA Manufacturing, LLC for a new manufacturing facility in Pontiac. The company supplies driveline systems, chassis and electronic systems.

Ventra Evart LLC was awarded $350,000. The company makes plastics, metals, lighting and mechanical assemblies at its plant in Evart. It plans to buy a building about a mile from its existing facility.

More in Supply Chain