MEDC deal lures Plasan R&D center from Vermont to Wixom, 25 jobs to come in 2011

Plasan Carbon Composites plans to move its R&D facilities from its Vermont home to Wixom, thanks in part to a $697,000 state tax credit from the Michigan Economic Development Corp.

The manufacturer of carbon composite automotive components plans to invest $3.2 million to open a Customer and Technical Development Center in Wixom. The investment is expected to create 42 jobs in Metro Detroit over the next five years instead of a competing site in Tennessee. About 25 of those jobs will be created over the next year.

The new facility will house R&D, product development, application engineering, and sales, along with program and business development operations. The automotive supplier also choose Metro Detroit in order to be closer to its customers, allowing for more integrated development and shorter development and implantation cycles.

Plasan Carbon Composites plans to invest approximately $3.2 million in the project.

Source: Michigan Economic Development Corp
Writer: Jon Zemke

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MEDC deal lures Plasan R&D center from Vermont to Wixom, 25 jobs to come in 2011

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