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Echo Engineering Invests $2.4 Million, Brings 60 Jobs to Michigan
INDIANAPOLIS–Echo Engineering is investing $2.4 million in additional real estate, more than 60 full-time jobs, and automated manufacturing equipment in recently acquired plastic injection molding facilities in Michigan. The two facilities, located in Monroe and Frenchtown Township, are expected to grow by 30 percent in the next year with the support of Echo's investment and a $210,000 performance-based grant received from the Michigan Business Development Program.
The investment focuses on adding injection molding machines with automated robotics, increasing warehouse space, and growing teams to support the daily operations in Monroe and Frenchtown.
"In the first six months, we have added 21 full-time positions, and we have already invested more than $1 million," said Echo CEO Kingdon Offenbacker, in a company release. Echo currently has 83 employees at this location.
Echo Engineering acquired Ammex Plastics in October 2017 to create additional manufacturing capabilities for its customers. The full-service plastic components manufacturer primarily supports the automotive industry with custom plastic components, including clips, mounts, and fittings for fluid routing, fastening, and suspension systems.
The Michigan Business Development Program is an incentive program from the Michigan Strategic Fund, in cooperation with the Michigan Economic Development Corp. The program supports local businesses, including manufacturing facilities, by pushing for growth within the state to create jobs.
Echo Engineering and Production Supplies, Inc. (www.echosupply.com) is a design and engineering business that develops and manufactures direct and indirect products. Echo's core capabilities are said to provide risk reduction, product development speed, and, ultimately, a responsive commitment to customers' design and engineering processes, supply chain capacity, and manufacturing processes.
The company's core product technologies are focused on sealing; connecting; noise, vibration, and harshness (NVH); fastening, and other customer products. Echo is headquartered in Indianapolis, Indiana, with additional locations in Monroe, Michigan; Milpitas, California; Shanghai, China; and Guadalajara, Mexico.
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