Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
February 01, 2019 01:00 AM

China's Wellmei to invest $1.9M, create 71 jobs in U.S.

Dustin Walsh
Crain's Detroit Business
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    TROY, Mich.—Chinese injection molding toolmaker and molder Wellmei Holding Co. Ltd. plans to invest $1.9 million and create 71 jobs by establishing its first North American manufacturing operation in Troy.

    The subsidiary, Wellmei U.S. Inc., plans to lease 20,000 square feet to 40,000 square feet of space to accommodate production of molds as it builds plastic injection molding lines to serve the automotive and medical industries, according to a Michigan Economic Development Corp. memo.

    The memo also states that the company also is negotiating for a site in Ohio rather than Michigan.

    The state did not immediately identify the location of the Wellmei plant. The city of Troy will not offer a property tax abatement as part of the project, but the state is supporting the effort with a $355,000 performance-based grant through the Michigan Strategic Fund.

    Dongguan, China-based Wellmei specializes in inject mold tooling for the auto and appliance industries, with molding production for mold tryouts. It wasn't immediately clear if the Michigan site would solely do mold making or molding. It has about 500 employees.

    The expansion is required due to growing sales in North America, and to circumvent tariffs the U.S. has placed in the import of Chinese products.

    Under President Donald Trump, the U.S. has installed tariffs on $250 billion worth of Chinese goods and Beijing responded with its own levies on $110 billion worth of U.S. goods. However, late last year, the countries agreed to a temporary ceasefire on new escalations if they can broker a trade deal by March.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Goodyear to trim jobs to address 'uncertain' economic outlook
    2
    Is worst of new-vehicle inventory shortage in rearview mirror?
    3
    Methods to the madness: Smithers pins 4 processes for sustainable carbon black
    4
    Showa Denko relaunches with new moniker
    5
    Setting the stage for 2023: 7 acquisition stories that changed the game
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION