Energetx Composites is investing $37 million to ramp up its production of utility-scale wind turbine blades and other wind energy industry composite parts.
The Holland-based company’s investment will create a projected 1,068 jobs over the next five years. Energetx Composites will hire individuals with manufacturing and engineering experience.
“We will start really ramping up over the next six to nine months,” says Energetx Composites Principal David Slikkers. “The first thing we need to do is build the tooling necessary for the project.”
Initially, Energetx Composites will not need to expand physically. Slikkers says Energetx Composites will use 20 percent of its existing facility during the startup phase. If all goes well, Energetx Composites could be looking at a future expansion.
Energetx Composites received a state tax credit valued at $27.3 million for the project.
Source: Chelsea Nimiac, DP Company; David Slikkers, Energetx Composites
dp-company.com/
Ivy Hughes is the managing editor of Capital Gains and can be reached here.
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