Fortescue to open $35 million advanced manufacturing center in Michigan
Want to learn more about the business activities of the manufacturing industry? Check out IndustryWeek
IndustryWeek is the premier online source of news and information on manufacturing, leadership, continuous improvement, talent management and other issues critical to industry."
Fortescue has announced plans to open its first U.S. Advanced Manufacturing Center in Detroit, Michigan. The company, which provides zero emission resources for the production of renewable energy, will invest $35 million into the project and expects the new facility to generate 600 new manufacturing and engineering jobs for the surrounding area. According to Fortescue, the plant will become a hub for the production of automotive and heavy industry batteries, hydrogen generators, fast chargers, and electrolyzers. The first battery line is expected to be installed in 2025. To help support the new facility the company will be receiving a $9 million Michigan Business Development Program performance-based grant, a 15-year, 100 percent State Essential Services Assessment exemption valued at $1,300,950, and state tax capture valued at $2,374,413 for updating an existing site.
In a recent quote, Fortescue Energy CEO Mark Hutchinson said, “Fortescue’s Advanced Manufacturing Center will breathe fresh life into the birthplace of the automotive industry. We are committed to investing in the next generation of green manufacturing projects that will help decarbonize business and heavy industry, and in turn create a strong future for manufacturing jobs in the United States.”
Investing in American Manufacturing - 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.
Alexis Gajewski | Senior Content Strategist
Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector.