Exo-s, a fully integrated supplier of global engineered injection and blow molded thermoplastic systems for the automotive and specialty markets, has announced that it will relocate its manufacturing operations in Three Rivers, Mich., and machine and tool shop in Centerville, Mich., to Howe. The Canadian-based company expects the move to be completed in 2014 and to increase its workforce by 20 percent over the next 18 months.
“The move will allow Exo-s to accommodate planned expansion of operations to support increased customer demand for our high quality products, while holding the line on cost,” said Todd Fowler, plant manager at Exo-s' Three Rivers location. “Representatives of the local and state government and the local business community partnered with Exo-s to present an offer that is perfectly aligned to our company's future plans.”
The company is renovating an existing building in Howe that was formerly an automotive component stamping plant.
“Exo-s is a great fit for LaGrange County,” stated Keith Gillenwater, president and CEO of the LaGrange County Economic Development Corporation (EDC). “It supports several regional companies and further diversifies our local industrial base. We are pleased to welcome them to our community.”
State Senator Sue Glicksaid the announcement shows Indiana’s economy is steadily growing.
“More companies are making Indiana their home, and it’s clear to see why,” Glick said. “Our pro-business tax environment and workforce-development initiatives show that we’re a state in which employers can confidently invest. It’s great to see Exo-s choose our community for its operations and contribute to our economy.”
According to the Indiana Economic Development Corporation (IEDC), Exo-s US, LLC will invest $6.8 million to relocate its manufacturing operation to Howe. The Quebec-headquartered company intends to begin operations at the new location early next year.
IEDC offered Exo-s up to $2.75 million in conditional tax credits and up to $225,000 in training grants. These are performance-based, meaning until Hoosiers are hired, the company cannot claim the incentives.
The project originated as a lead with the Northeast Indiana Regional Partnership before the LaGrange County EDC took over talks with Exo-s.
“This is an excellent example of how collaboration in the region leads to wins,” said Dale Buuck, vice president of business development of the Northeast Indiana Regional Partnership. “Exo-s found a suitable location in LaGrange County to not only combine two current operations, but that also allows for future growth.”
Exo-s is a 2012 recipient of the General Motor's Supplier of the Year award. The founding company, Bombardier, opened its first injection molding plant in Quebec in 1968. In 1982, Bombardier's rubber, fashion and plastics facilities became Camoplast. In 2010, Camoplast acquired Solideal. Exo-s was established in 2012 to foster the growth of the Polymer Solutions Division of Camoplast Solideal.
Exo-s is a leading supplier of injection molded and blow molded automotive products such as engine covers, thermal systems (HVAC), coolant reservoirs, washer reservoirs, and air induction systems. The company also manufactures specialty products for a wide range of markets including agriculture, all-terrain utility vehicles, toys, and household appliances. In total Exo-s employs more than 600 people in the United States and Canada.