Jenoptik Group is investing US$15m in its Rochester Hills, Michigan, location creating a new technology campus for metrology and laser machines for the North American automotive industry.
The acquisition of the property was finalised in April and last month, Jenoptik president & CEO, Michael Mertin and CFO Hans-Dieter Schumacher, as well as Andreas Blind and David Matynowski, both responsible for the Jenoptik business on site, jointly held the groundbreaking ceremony with the executive management board and Rochester Hills Mayor, Bryan Barnett.
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The new location is currently the largest single investment being made by the Jenoptik Group. The total amount includes the purchase of the property as well as the construction of production, service and office environments.
The new building is in direct vicinity of the current location, which is rented by Jenoptik and relocation is expected to take place in the spring of 2017.
The new campus will cover a total area of nearly 16 acres, while, in the first expansion phase, the new building will have 100,000 square feet of space, almost half of which is production.
“We will markedly exceed US and local standards by means of several components and, for that purpose, we planned additional budget”, said Mertin.
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By GlobalDataThe technology group has had an in-house production facility in place at Rochester Hills since 2007 and currently employs more than 100 local staff.
“Besides the APAC region, the US has been our most important growth region with average annual growth rates of 13% since 2009,” added Mertin.
“There is a high demand for our metrology and laser machines. The new campus provides us with infrastructure and allows us to get even closer to our customers in the US automotive industry.”
