CW Bearing USA Inc. will invest $25.9 million to build a new U.S. headquarters and technical center in Northville Township, Gov. Rick Snyder’s office announced Monday.
Snyder made the announcement after returning from an eight-day trade mission to China, which included a visit with representatives from CW Bearing and its Chinese parent company,Cixing Group Co. Ltd., on Saturday.
The 50,000-square-foot development, located at 15200 Technology Drive near the corner of Beck and Five Mile roads, is expected to create 125 jobs and is supported by a $550,000 performance-based grant from the state and property-tax abatement from Northville Township.
CW Bearing USA’s new headquarters will house its engineering, sales and executive staff. Its current U.S. headquarters is in Tustin, Calif., with sales offices in St. Louis, Mo.; Midland, N.C.; and Novi. CW employs 13 in Michigan, according to a Michigan Economic Development Corp.memo.
The company chose Michigan over competing sites in Toledo and Columbia, S.C., according to the MEDC memo.
“CW Bearing’s decision to locate its U.S. headquarters in Southeast Michigan signals to corporate leaders across the globe that the Great Lakes State offers great opportunities for their business expansion,” Snyder said in a news release. “This comes as we return from a busy, productive week developing and strengthening relationships that will lead to new investments, new export opportunities, and more jobs for Michiganders and our communities.”
During Snyder’s fifth trade mission to China, he met with companies and government leaders from several regions and also signed a memorandum of understanding between Michigan and five regions in China.
Michigan now has formal cooperative relationships with the provinces of Guangdong, Sichuan, Hubei and Zhejiang, as well as the city of Chongqing, which is independent of a province.
Those regions already are home to auto companies and suppliers and support numerous connections to the state’s automotive industry, Snyder told Crain’s last week. The agreement is intended to support more of those connections, as well as cultural exchanges and tourism.
Michigan is one of only five of states and cities to have reached agreement with five major industrial regions of China, according to a news release.
