Two Kentwood Companies Plan Expansions
With a $1.6 million Single Business Tax credit from the MEDC, American Litho Inc. intends to invest $13.5 million to build a new production line, a project that is expected to generate 327 new jobs, 163 of them created directly by the company. Company officials had also considered
American Litho, a subsidiary of Konica Minolta Graphic Imaging USA, is a leading manufacturer of printing plates, prepress chemistries and plate processors for the
Sean Nishimura, senior vice president of Konica Minolta Graphic Imaging USA, also announced Tuesday that Konica Minolta is relocating its corporate North American headquarters from
Nishimura said Konica Minolta has already made significant investment in
The MEDC also offered PureFlex Inc. a $4.2 million Single Business Tax credit to help convince the company to stay in
The MEDC worked with
"It's a big victory for this area," Ring said. "Konica Minolta Graphic Imaging's relocation of its corporate headquarters to this area is yet another victory."
Ring said that he, the governor and others from the MEDC visited Japan in May and met with a number of companies, including Konica Minolta, to encourage their expansion in Michigan.
Kentwood Mayor Richard Root said it's "a remarkable time" for
"We're looking at a substantial number of jobs; with Konica Minolta and PureFlex, we're talking nearly 400 direct jobs for this area," Root said. "