KENTWOOD, MI — Autocam Medical is building a new plant near the corner of Broadmoor Avenue SE and 36th Street, a $60 million investment that’s expected to result in 250 new jobs by 2024.
John Kennedy, the medical device company’s president and CEO, said the plant is needed to meet increased demand for Autocam’s products, which are created for some of the nation’s leading medical companies including Stryker and Johnson & Johnson.
“In 2014, I think we were about only $10 million in sales,” he said. “We’re running at a rate now of almost $60 (million) out of that building. In five years, it’s grown, obviously, very fast.”
The new plant will help Autocam Medical “add another $100 million in sales” within five years, Kennedy said.
Kennedy launched Autocam Medical in 2009 as a spinoff of Autocam Corp. He sold Autocam Corp., an auto parts supplier, in 2014 to NN, Inc. of Johnson City, Tenn. in a deal valued at $300 million.
Autocam Medical creates a range of products, including plates and screws used in shoulder implants as well as drills and other tools used for surgical procedures. It employs about 230 people in West Michigan, and has plants in Plymouth, Massachusetts, as well as Murfreesboro, Tennessee. It also has locations in China and Brazil.
Construction on the company’s new plant, 3607 Broadmoor Ave., started in April.
The 100,000 square foot building is expected to open in January 2022, with full-capacity operations happening there by 2024, Kennedy said.
He said the overall project is expected to cost $60 million, with roughly $40 million going toward new equipment and the remainder funding the building itself.
“We’re excited to be doing this in West Michigan,” Kennedy said. “We have a great workforce here. There’s a lot of people that can help train the incoming people.”
All the equipment planned for the building, which will serve as Autocam Medical’s global headquarters, is expected to be installed by 2024.
Kennedy said the new 250 positions, which include skilled machinists, engineers and technicians, will be hired gradually over the next few years.
“The average hourly associate at Autocam Medical earns nearly $58,000 annually plus benefits, including quarterly incentives, a generous 401K match of $3,000, and a premium-free health plan that rewards employees for positive lifestyle choices,” the company said in a news release.
“Additionally, employees can expect a pristine, air-conditioned environment outfitted with leading-edge equipment, as well as a culture that trusts and respects every individual.”
Autocam Medical will continue to operate its existing plant at 4152 E. Paris Ave. SE in Kentwood once the new plant opens.