Brembo's growth an example of Michigan's comeback, role as global center of the automotive industry
May 21, 2014
Wednesday, May 21, 2014
LANSING, Michigan – Michigan is the worldwide center of the automotive industry, and Gov. Rick Snyder today saluted Brembo, a global leader in brake technology, for its decision to expand its operation in Homer, Michigan.
Snyder joined Brembo Chairman Alberto Bombassei to celebrate the grand opening of a 150,000-square-foot addition of manufacturing, office and warehouse space to accommodate an increase in North American orders and allow for future growth.
The Italian company, which has its North American headquarters and tech center in Plymouth, plans to invest about $115 million through 2015 and create more than 100 new jobs. The company has 450 people working in Homer as a result of the expansion.
“We’re proud that Brembo recognized the advantages of working and expanding in Michigan,” Snyder said. “This is a world-class company tapping some of the great talent and opportunities here in Michigan. Brembo’s continued commitment sends a strong message around the world that Michigan’s comeback continues. We’ve created the environment for companies to grow and thrive.”
The new jobs at the Brembo Homer facility are among the quarter-million new private sector jobs created in Michigan since the end of 2010 as the state’s economy grows.
Snyder and Bombassei met in Italy on March 31, discussing the company’s growth and investment in Michigan. The governor also toured a Brembo product exhibition area, the Testing and Validation Department and a machining plant on his recent European trade mission trip.
The Michigan Economic Development Corporation is supporting the project by uncapping a previous MEGA tax credit to allow for the additional jobs.
“We’re happy that we have expanded our operation in Michigan,” Bombassei said. “We chose Michigan because of the automotive and manufacturing talent available here as well as the strong relationships we have built with our business partners.”
The company today known as Brembo was founded in 1961 and supplies braking systems to makers of automobiles, motorcycles and commercial vehicles worldwide as well as clutches, seats, harnesses and other components for the racing sector.
Brembo opened its first Michigan operation in 2002 and produces brake rotors, drums, calipers and corner assemblies at its Homer facility.