Autocam Opens New Facility, Adding 85 Jobs In Marshall, Michigan, Governor
KENTWOOD, Mich., June 20, 2014
KENTWOOD, Mich., June 20, 2014 /PRNewswire/ -- Autocam Corporation, a leading
precision manufacturer for both the automotive and medical industries, hosted
a ribbon cutting ceremony to officially open the doors to its new,
state-of-the-art manufacturing facility on Thursday, June 19th. The $10
million investment in Marshall, Michigan is Autocam's latest commitment to job
creation and advanced manufacturing technologies. Several VIP guests attended
including Governor Rick Synder who participated in the grand opening.
Rick Snyder, Governor of Michigan touring Autocam’s Marshall, Michigan
facility during its recent Grand Opening of its expansion.
The new facility, Autocam Marshall #2, is the result of a key partnership
formed between DENSO Manufacturing Athens Tennessee, a group company of DENSO
International America, Inc, and Autocam for precision metal components that
will be used in Gasoline Direct Injection fuel systems that DENSO will provide
to its Original Equipment Manufacturer (OEM) customers in North America. This
partnership has led to significant growth for Autocam with over $20 million of
new revenue and 50 additional advanced manufacturing jobs occupying 45% of the
new facility. Additional projects, currently in development, will fully
utilize the new facility by 2018 generating over $30 million of revenue and
adding a total of 85 new advanced manufacturing jobs.
The addition of this refurbished 50,000sq.ft. facility has doubled the
footprint of the Autocam Marshall location which is now capable of turning out
over $55 million per year in precision machined components and providing over
170 highly skilled jobs.
"Autocam's strategy for over 25 years has been to manufacture products that
make our lives better," explained John Kennedy, founder, president and CEO of
Autocam Corporation. "Today our customers are introducing fuel saving
technologies, such as Gasoline Direct Injection, which is one of the most
effective ways to meet the demand for more fuel efficient vehicles. Autocam
has stayed true to its strategic focus by producing products for GDI and other
fuel saving technologies around the world. In the last 5 years, we have
invested over $100 million in people, facilitiesand process technology to
ensure we are positioned at the forefront of advanced manufacturing. It's only
fitting that this next big step in our growth occurs here in the great State
of Michigan where it all began for us," he added.
Approximately 150 Guests attended: including DENSO senior management, Autocam
employees, partners, media, and both local and state government officials.
The following participated in the ceremony as speakers:
oMr. John Kennedy, president and CEO of Autocam Corporation
oMr. Youichi Yamashita, president of DENSO Manufacturing Athens Tennessee,
oThe Honorable Rick Snyder, Governor of Michigan
"As our OEM customers continue to increase North American vehicle production,
not only does DENSO have the opportunity to increase our production, but we're
also expanding in new business areas, like gasoline direct injection. It's
exciting to see how our recent GDI expansion has led to more expansion news,"
said Youichi Yamashita, president of DENSO Manufacturing Athens Tennessee,
Inc. who assisted in cutting the ribbon along with Autocam's John Kennedy, and
the Honorable Rick Snyder, Governor of Michigan.
"This is an exciting day for the community, region and our entire state," said
Michigan Governor Rick Snyder. "In addition to the positive economic benefits,
this project shows how the power of innovation and collaboration can drive
success. It's this type of vision and hard work that is making Michigan the
nation's Comeback State. I commend the Autocam and DENSO teams for their
partnership and the city of Marshall for its support."
Autocam has had a manufacturing presence in Marshall, Michigan for the past
sixteen years and extended special recognition at the grand opening to the
city for providing a great place to work and grow.
Autocam, whose global headquarters is in Kentwood, Mich., is a worldwide
manufacturer of precision-machine components for major OEMs and Tier 1
automotive suppliers. Autocam specializes in high precision components for
emerging fuel system technologies, including gasoline and diesel fuel
injection, multi-speed transmissions, Electric power steering and other
technologies critical for mandated fuel economy improvements. The company has
15 manufacturing facilities and employs more than 2,000 highly skilled
employees in North America, South America, Europe and Asia. For more
information visit www.autocam.com.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a
leading global automotive supplier of advanced technology, systems and
components in the areas of thermal, powertrain control, electronics and
information and safety. Its customers include all the world's major carmakers.
In North America, DENSO employs more than 17,000 people at 33 consolidated
companies and affiliates. Of these, 28 are manufacturing facilities located in
the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000
people in California, Alabama, Michigan, North Carolina, South Carolina,
Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, Alabama and Pennsylvania.
DENSO's North American consolidated sales totaling US$7.9 billion for the
fiscal year ending March 31, 2014.
Connect with us on Facebook: http://www.facebook.com/DENSOinNorthAmerica
Cutting the ribbon at Autocam's lastest production facility expansion in
Marshall, Michigan are from left to right: Jim Dyer, Mayor of Marshall; Jase
Bolger, Michigan House Speaker; Mr. Youichi Yamashita, president of DENSO
Manufacturing Athens Tennessee, Inc.; John Kennedy, president and CEO of
Autocam Corporation; The Honorable Rick Snyder, Governor of Michigan; Nancy
Kennedy and Jeff Goodman, General Manager, Autocam's Marshall Facility.
Photo - http://photos.prnewswire.com/prnh/20140620/119670
Photo - http://photos.prnewswire.com/prnh/20140620/119669
SOURCE Autocam Corporation
Contact: Louise Hackett, Media relations on behalf of Autocam Corporation,
248.494.1006, email@example.com; or Maura Diamond,
Communications Director, 616.541.8526, firstname.lastname@example.org
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