Lansing, Michigan – A Chinese bearing manufacturer will invest nearly $26 million to establish a new U.S. headquarters and technical center in Northville Township, Michigan, creating 125 jobs, Gov. Rick Snyder says after returning from an eight-day investment mission to China.
Snyder met with leaders of CW Bearings USA Inc. in Shanghai.
“CW Bearing’s decision to locate its U.S. headquarters in Southeast Michigan signals to corporate leaders across the globe that the Great Lakes State offers great opportunities for their business ex-pansion,” Snyder says.
CW Bearing, founded in 1984, has locations in California, North Carolina, and Michigan. The compa-ny produces bearing components used in electronic power steering systems that are gradually replac-ing hydraulic steering systems.
The company plans to build a facility in Northville Township to house its U.S. headquarters, an en-gineering and technical center, and advanced manufacturing operations. The project will generate a total capital investment of $25.9 million and create 125 jobs, resulting in a $550,000 Michigan Business Development Program performance-based grant.
Jay Click, CW Bearing USA director of sales, says, “This facility, located in Northville Township near the heart of the North American auto industry, will allow us to better support our customer first phi-losophy by increasing both our global manufacturing and technical capabilities, allowing us to bring more value and versatility to our growing customers.”
Source: Gov. Rick Snyder’s office