3rd Quarter Saginaw County Business Attractions
December 30, 2008
In the 3rd quarter of 2008, Saginaw Future Inc. (SFI) assisted eight
companies that invested nearly $30 million creating 30 jobs and retaining
750. In addition, one company received a $40,000 job training grant.
Expansions
Chesaning
Manufacturing Company, Inc. has
been producing aerospace tooling and test equipment for over 45 years. The
company recently became one of five preferred General Electric suppliers.
The company purchased nearly $350,000 in new equipment and four new workers
were hired. SFI assisted Chesaning Manufacturing and the community with an
investment incentive and job training funds. The company manufactures
everything from small hand tools to large overseas containers complete with
tool sets for an engine overhaul.
CMI-Schneible Co.
invested $700,000 in a new production line and added 18 employees as a
result. The company won a contract to help produce V-6 engine blocks, which
will diversify its capabilities. CMI-Schneible already processes GM's
Generation IV V-8 engine blocks. Saginaw
Future was able to assist the company and the community with an
investment incentive, along with previous support.
In 2006, the manufacturer
invested $3 million in two new processing cells for engine block grinding
and finishing that led to seven workers being hired. CMI and two other
GM-Saginaw Metal Casting Operations suppliers have co-located at the former
Nodular Plant site on Veterans Memorial Parkway since 2003.
Dow
Corning Corporation
invested $1.16 million in its Health Industries Materials Site (HIMS)
in Thomas Township. The project includes construction of a nitrogen
pipeline between Hemlock Semiconductor Corporation and HIMS, eliminating the
need for tanker deliveries. The company made modifications to its cooling
tower pumps and installed a larger air compressor. HIMS also upgraded its
injection molding equipment to meet changing customer requirements,
retaining two jobs at the facility. This is
third recent investment at HIMS totaling nearly $11 million. SFI was able
to help the company and community with a tax abatement policy. HIMS,
established in 1964, is the only Dow Corning site dedicated to supplying
products to the health care industry.
InCal
Technologies purchased new
equipment to expand its calibration and inspection capabilities. Computer
equipment, accessories and software upgrades necessary for keeping pace with
changing technology were also added. The Buena Vista-based company invested
$83,500 and created three new jobs. This is InCal's third expansion
investment since 2006, which totals nearly $349,000.
Mistequay Group
Ltd. purchased new equipment
valued at $266,000 in order to expand its capabilities. The new equipment
which includes grinding, milling, and boring machinery, will complement
building upgrades made by the company just over a year ago. Computer
software and hardware were also added to complete the project. Mistequay
Group, located at 1212 N. Niagara St. in the City of Saginaw, is expected to
create two new jobs. Saginaw Future assisted the company and the community
with a tax abatement application. This is Mistequay's third expansion since
2002, which totals more than $1.6 million.
Prints Plus Inc.
has expanded its business through the purchase of a CCP650 Color Commercial
Copier, which produces top quality full color copies. The machine is also
capable of delivering completely finished full color booklets, folded,
stapled, face trimmed and/or two or three hole punched at a rate of 65 pages
per minute. The equipment will allow Prints Plus to maintain a competitive
pace with the industry. The total project investment is $75,000 and will
create two new jobs. Saginaw Future assisted the company and the community
with tax abatement.
Siler Precision Machine, Inc.
continues to develop and grow its Village of Merrill facility. The company
purchased a new Computer Numerical Control (CNC) Milling Center valued at
nearly $90,000, which will result in the creation of one job. This is Siler
Precision’s fifth investment since 2002 totaling nearly $700,000. The
previous project included updating office space, meeting rooms and its main
lobby to accommodate its growing business. Siler Precision was established
in 1994 when owners converted a vacant car dealership into a tool and die
facility. Saginaw Future has worked closely with Siler and was able to
assist the company and the community with tax incentives.
Attractions
TRW
Integrated Chassis Systems, LLC
plans to invest over $27 million in the former Delphi Chassis facility in
the City of Saginaw, retaining 750 employees at the site. The company began
operating the former Delphi brake plant in the fall of 2007. The Saginaw
City Council unanimously supported the transfer of existing tax abatements
under Public Act (P.A.) 198 and P.A. 328. Saginaw Future assisted the City
and TRW with the abatement transfer and worked with the Saginaw County
Chamber of Commerce and area legislators to pass legislation allowing the
transfer. TRW's Saginaw facility manufactures brake assembly components
including modules, calipers and rotors for General Motors vehicles.
Job Training Grant
Miller Mold Company
received a $40,000 Michigan Economic Development Corporation Economic
Development Job Training grant for a company-wide quality management program
and Uniqraphics training. Saginaw Future assisted the Saginaw Charter
Township-based company with the grant process.
