Autocam grows, adding 200 jobs
Autocam Corp. plans to invest $32.6 million in its Kentwood manufacturing facilities over the next five years, which is expected to create 200 new jobs, according to an announcement by The Right Place Inc. and the Michigan Economic Growth Authority.
The Autocam expansion will be supported by an amended MEGA tax credit originally approved for the company in 1997. The city of Kentwood, for its part, is considering approval of a Public Act 198 property tax abatement for the company’s facilities located in the city.
The Right Place business development team, led by Susan Jackson, provided expansion assistance to Autocam throughout the planning stage for the project.
Autocam manufactures extremely close tolerance precision components for the automotive and medical industries, with one of its primary products being internal components for auto engine fuel injectors. In April it was designated a “preferred supplier” by Bosch Corp., its largest customer. Other customers include Delphi, Conti and Hitachi. Earlier this year, Autocam — which is based in Kentwood —reportedly employed about 1,400, down from about 2,300 several years ago.
Autocom reflects growing strength in the global auto industry.
“We are very proud of the continued growth Autocam has experienced in both our transportation and medical divisions,” said John Kennedy, president and CEO. “Although Autocam is a global manufacturer, we remain committed to West Michigan and Michigan.”
First established as a component supplier to the automotive industry, Autocam Corp. launched Autocam Medical Devices LLC operations in 1991 with locations in Michigan, California and Massachusetts. AMD manufacturers high-precision components, instruments, implants and hand pieces for a wide variety of medical applications including ophthalmology, orthopedics and cardiovascular.
The company also has two automotive plants in China, plus others in Brazil and Poland, according to a recently published report.