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Automotive supplier LG Chem Michigan Inc. once again hopes to expand its workforce on the lakeshore.

Published in In the News

GRAND RAPIDS — While the automotive sector may be nearing the end of a strong sales cycle, West Michigan-based suppliers remain bullish on the industry.

Published in Manufacturing
Sunday, 05 March 2017 20:23

MiBiz Growth Report: March 6, 2017

Here is the MiBiz Growth Report for March 6, 2017:

• M&A: American Grease Stick Co. of Muskegon was acquired last year by 3 Rivers Capital, a Pittsburgh, Pa.-based private equity firm. A manufacturer of branded automotive fluid transfer lines and related products for the automotive aftermarket industry, AGS has operations in Muskegon and the U.K. The company, which was founded in 1931, sells products through a variety of aftermarket retailers, including Advanced Auto Parts, AutoZone and Pep Boys, according to a statement. 3 Rivers purchased the company for $10 million from the Rosen family, according to a report in the Pittsburgh Business Times. The deal was backed by $9.75 million in subordinated debt and an equity co-investment from PNC Mezzanine Capital. JP Morgan Chase also provided debt financing for the transaction. Metz Lewis Brodman Must O’Keefe LLC of Pittsburgh served as legal counsel to 3 Rivers Capital. The sellers worked with investment banker Stout Risius Ross Inc. of Chicago.

Published in In the News
Wednesday, 15 February 2017 13:17

LG Chem to expand Holland facility

In another step in a series of hiring sprees, LG Chem Michigan Inc. announced today an expansion project that could yield upward of 150 new jobs at its headquarters in Holland.

Published in In the News

Despite the possibility of easing emissions regulations and historically low gasoline prices, LG Chem Michigan Inc. remains charged about the possibilities for electrified vehicles. 

Published in Manufacturing

Automakers have witnessed a resurgence in interest for trucks and SUVs as gasoline prices continue to hover around $2 per gallon in many areas of the country. 

Published in Manufacturing

Once heralded as a part of the future of advanced manufacturing and the next generation of automotive suppliers, lithium-ion battery manufacturers have found mixed successes in Michigan, despite an abundance of state and federal assistance.

Published in Manufacturing

After several years of starts and stops, advanced battery manufacturers in West Michigan are ramping up their production in the region. While Milwaukee-based Johnson Controls Inc., which operates a manufacturing facility in Holland for its power solutions division, and Holland-based LG Chem Michigan Inc. plan to capitalize on the growing customer demand for advanced battery technology, the two companies differ in their approach to the market.

Published in Manufacturing

The lithium-ion battery cells for the 2017 Chevrolet Bolt could soon be produced in West Michigan. That’s according to industry analysts who cite a recent strategic partnership between LG Electronics Inc. and General Motors (GM) to produce several components for the Bolt as evidence of a new product line at Holland-based LG Chem Michigan Inc.

Published in In the News

The new expansion will add additional production lines to the manufacturing facility to accommodate its customers in the automotive electric vehicle and energy storage markets, according to a statement released by the company.

Published in In the News
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