Hydro to create 67 jobs in support of electric vehicle market in Southwest Michigan

CASS COUNTY, MI — An aluminum recycling enterprise anticipated to generate a complete capital funding of $150 million and create as much as 67 new well-paying jobs is coming to Cassopolis.

The corporate, Hydro Aluminum Metals USA, LLC — which recycles aluminum extrusion ingots for quite a lot of makes use of — plans to assemble a brand new facility within the village of Cassopolis the place it should introduce a brand new product line to assist the electrical car market.

Gov. Gretchen Whitmer’s workplace and the Michigan Financial Improvement Company (MEDC) introduced the information Tuesday, April 26 in a joint press launch. The ability would be the first manufacturing operation to be positioned within the Southwest Michigan Superior Analysis and Expertise (SMART) Park in Cassopolis, the discharge states.

Plans for the venture embrace a brand new rail spur that may also enable different companies within the SMART Park to ship and obtain their very own supplies.

The venture was considered one of three permitted by the Michigan Strategic Fund on Tuesday together with a redevelopment of a former GM plant in Detroit and a neighborhood revitalization venture in Bay Metropolis, in keeping with the discharge.

Whitmer declares first spherical of grants to speed up mobility, electrical car investments

The Cassopolis venture is being supported by $1.5 million in Group Improvement Block Grant funds. In consequence, per federal requirement, no less than 51% of the roles have to be held by low-or moderate-income people.

The Michigan Strategic Fund additionally permitted a 15-year State Important Companies Evaluation exemption valued at $1.7 million in assist of the venture.

“Hydro is happy to carry its revolutionary recycling know-how to Cassopolis and appears ahead to offering new long-term profession alternatives for space residents,” stated Trond Gjellesvik, president of Hydro Aluminum Metals USA.

“We respect the nice and cozy welcome we now have obtained from the village of Cassopolis together with our companions at Midwest Vitality & Communications, and we thank the village and the state of Michigan for his or her assist for our new facility.”

Michigan was chosen by Hydro over competing websites in Indiana, Kentucky and Texas.

Hydro’s mum or dad firm, Norsk Hydro ASA, is likely one of the largest aluminum corporations on the planet with 140 areas in 40 international locations.

These interested by studying extra about Hydro or careers with Hydro, can click on right here.

“At present’s funding will assist us proceed rising Michigan’s economic system by creating good-paying jobs for Michiganders, constructing on our management within the mobility house, increasing our stock of development-ready services, and supporting vibrant communities,” Whitmer stated in an announcement.

State Sen. Kim LaSata, R-Niles, additionally applauded the announcement.

“Now we have proven the world that Michigan means enterprise, and I’m pleased to see extra corporations look to broaden their operations right here in our nice state,” she stated. “That is nice information for the native economic system and for Southwest Michigan employees.

“I wish to applaud space leaders for his or her arduous work in attracting this chance and sealing the deal.”

The venture will embrace the development of a brand new manufacturing facility and is predicted to incorporate assets for a proprietary aluminum casting course of that makes use of greater than 75% recycled content material, the discharge states.

Additionally on MLive:

Police officer arrested in intercourse sting despatched inappropriate texts to WMU scholar, personnel file says

‘All-around tragic state of affairs:’ Grand Rapids police union defends officer who killed Patrick Lyoya

Kyle Meinke’s last 2022 NFL mock draft: Detroit Lions supercharge protection with move rusher, security