Auto supplier Erwin Quarder Inc. will spend more than $2.6 million on new presses, robots and other equipment as it continues its growth in the U.S.
The injection molder will bring the new equipment into its existing facility in Grand Rapids, Mich., using bonds backed by Michigan Economic Development Corp. to finance the purchases.
The company expects to add four or five presses during the next 18 months to two years, said Jennifer Steward, general manager of Erwin Quarder's commercial department in a July 14 telephone interview. The funds also will be used to supplement existing automation equipment and centralized drying and materials-handling lines.
``We have new business and new technology coming in,'' she said. ``We've moved away from shoot-and-ship parts and are bringing in more complex parts.''
Erwin Quarder Inc. is the U.S. arm of Erwin Quarder GmbH of Espelkamp, Germany. The North American unit had about $8.5 million in sales in 2005 making functional parts including housings for electronic systems and vents. Globally, Quarder GmbH posted 2005 sales of 1 billion euros ($1.26 billion).
Steward expects the growth also will boost Quarder's employment by about 15 jobs from the current base of 80.