The Grand Rapids Business Journal (Grand Rapids, Mich., USA) reported on Sept. 17 that Plasan Carbon Composites plans to invest $29 million to expand its 197,000-ft2/18,302m2 manufacturing facility in Walker, Mich., USA. The expansion, the report says, could add up to 620 jobs at the plant over the next three years.
Plasan is best known for the carbon fiber composite structures it manufactures for the Corvette Stingray, Viper SRT and Shelby Mustang GT500KR.
Jim Staargaard, president of Plasan Carbon Composites, told the newspaper, “Our experience in launching the new facility in West Michigan has been great and made the decision easy on how and where to expand with our next phase of growth.”
Plasan received a $6 million incentive package for its investment in West Michigan, which consisted of local support from the city of Walker and a performance-based grant from the Michigan Business Development Program.
Click here for original report in the Grand Rapids Business Journal.