Rapid mold maker and custom injection molder International Mold and Production LLC is moving from Grayslake, Ill., to Kenosha in southeastern Wisconsin, in part to get close to the massive Foxconn factory coming to Racine County.
The company, known as IMAP, will create 25 jobs at its new headquarters. IMAP plans to invest $1.5 million in the Kenosha facility. The company has started relocating some of its operations there.
Wisconsin Gov. Scott Walker announced the news Feb. 16. Walker said IMPA got offers of incentives from Indiana, Michigan and Mexico, “but made the right choice by selecting Wisconsin because of our state's growing economy and the possibility of working with Foxconn.”
Wisconsin awarded IMAP up to $110,000 in state income tax credits over the next three years. The actual dollar amount of credits depends on how many jobs the company creates, according to the governor's office. IMAP plans to hire people for sales and marketing, engineering, CNC machining and injection molding press operators.
Foxconn Technology Group, the giant Taiwanese electronics products maker, is investing $10 billion and create 3,000 jobs in Wisconsin to make liquid-crystal-display screens.
Len Koren, who founded IMAP in 2003, said Foxconn was a draw. “We eventually hope to supply Foxconn as well as tier one automotive companies after we receive ISO certification,” Koren said. IMAP also hopes to move some of its contracted injection mold production from China to Wisconsin.
International Mold and Production builds molds — including rapid molds made by 3D printing — as well as providing offshore molds. The company does injection molding and product development.