BENNINGTON, VT. (July 19, 2:25 p.m. ET) — Carbon fiber composite molder Plasan Carbon Composites Inc. will build an $18 million manufacturing center in Walker, Mich., adding it to already announced plans for a technical center in the state.
Plasan, based in Bennington, Vt., announced plans earlier in December for a $3.2 million customer and technical development center in Wixom, Mich. The Michigan Economic Growth Authority said in a July 19 news release that the company now has the opportunity to bring manufacturing to the region as well.
The company will build a facility in Walker — near Grand Rapids, Mich. — that will employ 202 people making Class A surface body panels from carbon fiber.
Plasan previously qualified for tax breaks from the state for its technical center, and the state group extended that credit to cover both sites, worth $4.7 million over five years.
The company makes carbon fiber for some models of the Chevrolet Corvette and also produced composite panels for the Dodge Viper as well as other specialty vehicles.