Incoe Corp. USA, a global supplier of hot-runner systems and technology, announced that it has entered into an agreement with General Development Co. for the design and construction of a new 135,000-square-foot global headquarters facility. It will be located within Oakland Technology Park in Auburn Hills, MI.
Currently headquartered in Troy, MI, Incoe's total investment into this future facility will be in excess of $20 million. It is planned to be operational by summer 2018.
The investment in Auburn Hills follows similar expansions for Incoe worldwide. In 2013, Incoe doubled the footprint of its Asian headquarters in Shanghai. Also, in Rodemark, Germany, Incoe constructed a new European headquarters in 2014, which consolidated and expanded upon three separate facilities that were being used.
Similar to the European expansion, Incoe will now consolidate and expand operations from three separate locations in the Metro Detroit area into one fully functional facility, said Incoe's release.
“An investment into expanding our footprint demonstrates Incoe's commitment to be one of the leading hot-runner system suppliers in the world,” said Eric J. Seres Jr., President and CEO of Incoe Corp. “Creating more office and manufacturing space will bring about operational efficiency gains needed to best serve our customers throughout North America and allow us to continue to be competitive in the global market for years to come.”