Michigan Lures Tremec Transmission Plant, HQ to the Detroit Area
A major automotive supplier plans to build a production facility in the Detroit area and make it the base for its U.S. operations.
Tremec Corp., best known for its high-performance transmissions, plans to invest $54 million in a multi-purpose facility in Wixom, Michigan, according to Crain’s Detroit Business. Besides production of transmissions and powertrain components, the facility will host Tremec’s sales and technical operations, and serve as its American headquarters.
Yesterday, the Mexico-based company landed a $731,500 performance-based grant from an arm of the Michigan Economic Development Corporation. It expects to create 133 jobs in Wixom, which offered the company a reduction in property taxes to seal the deal.
According to Crain’s, Michigan offered Tremec the grant after it learned the supplier was eyeing a site in Indiana, closer to vehicle assembly plants in the South and Midwest.
Tremec set up shop in Michigan in 1975, and currently has a small number of employees manning a technical and sales office in Plymouth Township. Products manufactured in the future Wixon plant will serve the automotive and heavy equipment sectors.
Michigan recently lured British performance parts supplier Cosworth to the area with a $2.1 million loan, while supplier Flex-N-Gate landed a $3.5 million loan to build a plant in one of Detroit’s most impoverished neighborhoods.
[Image: RVAE34/ Flickr]
Inside Looking Out on Jun 17, 2016
The good thing about USA is that only interests of large shareholders, CEOs and may be higher management matter and employees can go and f-k themselves or vote for Trump which is another version of the same. I am not sure that Mexico is any better though, most likely worse if half of population wants to move to US of all the places.
White Shadow on Jun 17, 2016
But...wait....nobody is buying manual transmissions anymore, right? Does Tremec make anything other than manual gearboxes? Because when I hear Tremec, the only thing that comes to mind is Mustang manual transmissions. FWIW, I'm a big fan of Tremec transmissions in general because they take far more abuse than the old Borg Warner boxes in my old Mustangs.
Ron B. on Jun 18, 2016
Interesting to note that Michigan is at least trying hard to bring company operations to the area,unlike the entire country of Australia where successive governments and the green movement believe that we do not need industry and the nation will be better off being a mass importer.
Dartman on Jun 18, 2016
It's not the Aussie government; it's big business. The population of Oz is only 23m or so compared to 520m in North America; (54m in Great Lakes Region alone) It is not cost effective to have separate plants there. Australia is a lovely country with great people, I hope they keep it that way.