Grand Traverse Plastics (GTP; Williamsburg, Michigan), a Tier 1 automotive and material handling component supplier, is expanding in Whitewater Township, Michigan, investing $ 11.5 million in its EV ). Included in this investment is a $ 430,000 performance-based grant from the Michigan Business Development Program. In a press release, Michigan Governor Gretchen Whitmer said Northern Michigan had beaten a competing bid for a location in the southeastern United States. The expansion will create 43 new jobs.
GTP Spritzguss, founded in 1981 in Williamsburg, developed plastic components under the hood for battery systems, engines and transmissions as well as components for conveyor systems. GTP recently got a new electric vehicle-related business and plans to expand at its existing facility in Whitewater Township, where it will add expanded high bay shelves, ship docks and manufacturing space.
The company currently has 130 employees and 28 injection molding machines spread across three plants with annual sales of US $ 35 million. The company was acquired by private equity firm Covington Capital (Troy, Michigan) in 2018.
Michigan Economic Development Corp. (MEDC), which sponsored the process, said in the press release that this project is in line with its strategic goal of increasing the production of electric vehicles in the state, as well as with the Industry 4.0 initiative launched late last year. The strategic goal of this plan is to ensure that 50 percent of Michigan’s small and medium-sized manufacturers are ready to adopt Industry 4.0 technologies by 2025.
Grand Traverse Plastics has received a grant from the State of Michigan to support its newly announced expansion plans.