COLDWATER, Mich., USA (03 Oct. 2022) — SEKISUI Voltek, LLC has received Board approval from parent company, SEKISUI Chemical, LTD, to move forward with a $39M investment to expand operations of the Coldwater manufacturing facility by building a second plant. As the recognized leader for polyolefin foams in the North and South American markets, the company is taking a proactive and necessary approach to increase capacity and meet the strong customer demand for its Volara® foam products.
The new plant will be built on a 20-acre parcel directly adjacent to SEKISUI Voltek’s current facility. The project is in the final planning phases and expects to break ground early next year. Final completion of the project is expected in 2024. Production at the current plant will remain in full operation during the construction of the new facility. Upon completion, the new plant will increase production capacity by ~20%.
“We are happy to share this exciting news with our customers and our community. We know the last few years have been trying with supply chain issues, increases in freight costs, and COVID-19. This expansion will bring new technology, state-of-the-art equipment, and additional automation so we can continue to provide excellent customer service, adhere to our strict quality and safety measures and expand the production of our innovative foam products” says SEKISUI Voltek President and CEO, Neil Beckhusen.
SEKISUI Voltek and their employees have been a staple within the Coldwater community for over 50 years. This expansion will allow for approximately 20 new positions to be added to the 200 current team members.
The decision to expand operations in Coldwater was assisted by both State and local tax incentives. Working with the Michigan Economic Development Corporation, Branch County Economic Growth Alliance, and the City of Coldwater, SEKISUI Voltek received economic incentives to create tax base and job growth in the Coldwater Community.
SEKISUI Voltek will be applying for a tax abatement incentive tied to job creation and overall project investment. The tax abatements will last 12 years. They have received approval from the State for a SET exemption.
“SEKISUI Voltek has been a strong economic partner, employer and contributing member to the Coldwater Community for over 50 years. We are grateful they have decided to move forward with this investment and job creation that will impact the next 50 years in Coldwater,” says Lisa Miller, Executive Director of the Branch Economic Growth Alliance.
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