Carbon Fiber Company's Expansion Means New Jobs in Walker

Thanks to a deal ratified by the Michigan Economic Growth Authority Tuesday, a company that makes high-end car panels out of carbon fiber will expand in Walker and add about 200 jobs.

Plasan Carbon Composites, based in Vermont, has a new facility at 3195 N. Wilson Drive, in Walker.The company has been granted an amendment to an existing tax credit from the Michigan Economic Development Corporation that paves the way for a new high-volume manufacturing process to be developed here.

The amendment clears the way for a new manufacturing facility, and it's expected to generate over $18 million in capital investment and 202 new jobs over the next three years.

"The average weekly wage that they came up,  that they reported to the state was about $800  a week, so very good paying wage, " said George Bosnjak, Business Development Manger with the Right Place.

Plasan Carbon Composite currently makes parts like hoods, roofs and fenders for low-volume, luxury and high-performance cars like Dodge Vipers and Corvettes. Under the expansion in Walker the company would be adding a higher-volume manufacturing line.

The expansion project began in December 2010 when the company met with representatives from The Right Place, which helped in the coordination for the tax incentives with the MEDC. Michigan competed against Indiana and Ohio for the expansion project.

The state of Michigan and city of Walker were very aggressive putting together their best proposal of getting the company to locate here," said Bosnjak.

The company selected the Michigan location over Indiana and Ohio.

They're expected to move in by the first of the year and then start the hiring process.