American Broach & Machine Company Expands in Ann Arbor Area
Machine tool manufacturer for automotive industry is investing $25 million in a new research and development center in Ypsilanti.
Posted: May 9, 2011
Machine tool manufacturer for automotive industry is investing $25 million in a new research and development center in Ypsilanti.
American Broach & Machine Company (Ann Arbor, MI) is establishing a new research and development center in the Ann Arbor region after receiving a Michigan Economic Growth Authority (MEGA) tax credit totaling $572,782 earlier this year to help encourage the expansion.
“We are focused on quality processes and investing in manufacturing capability in order to make the world’s highest quality internal spline broach cutting tools for gears and spline parts,” said Ken Nemec, the president of American Broach & Machine Company. “We would like to design, develop, and build newly innovated broaching machines to add value to manufacturing while growing jobs in Michigan. Our new research and development center gives us an edge in a tough industry and helps rebuild Michigan’s manufacturing base.”
American Broach & Machine Company, a designer and builder of machine tools for the auto and defense sectors, is investing $25 million in a new research and development center in Ypsilanti. The company expects the project to create up to 43 new jobs. The MEGA award helped convince the company to invest in Michigan over competing sites in Canada and China.
“The Ann Arbor region is a destination for advanced manufacturing,” said Skip Simms, interim president and CEO. “Access to talent as well as existing facilities and equipment help advanced manufacturing businesses hit the ground running and grow quickly in the Ann Arbor region.” The City of Ypsilanti is considering tax abatements in support of the project.
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