Auto supplier invests $25M in plant
A maker of lithium-ion batteries for the auto industry plans to invest $25 million in its plant in the region and host a job fair next Tuesday.
LG Chem Michigan, the Holland-based subsidiary of Seoul, South Korea-based LG Chem, said yesterday that it’s expanding its operations and increasing its workforce to support “increased demand and a new customer.”
The company’s Holland plant makes lithium-ion polymer batteries for electric car makers, such as GM, Ford, Renault, Hyundai/Kia, Volvo, Audi and Daimler.
The company said its investment demonstrates its “commitment to the region as a high-tech energy storage manufacturer.”
The $25-million investment will go toward the installation of additional production lines, which include assembly and formation.
In addition to producing the cells, the company will begin producing the battery pack.
LG Chem, which announced plans to double its workforce in April, said it has hired 100 people in the past 90 days and will continue hiring.
It plans to hire 80 more people before the end of the year, bringing the number of workers at the Holland plant to 330.
A job fair will be held in Grand Rapids on June 30, from 9 a.m. to 6 p.m., at Crossroads Conference Center, at 6569 Clay Ave. SW.
The company is hiring for all shifts.