St. Clair County, Michigan - September 21, 2016
Yen Group, LLC -is a newly established entity that will focus on fulfilling purchase orders of engine blocks, heads and other engine components for customers that have requirements that are consistent with their business objectives, including their partner company in Indiana. Yen Group plans to reopen a closed manufacturing facility in the city of Port Huron, investing more than $10.2 million and creating 80 jobs. As a result of the expansion, the project has been awarded a $400,000 Michigan Business Development Program performance-based grant. Michigan was chosen over the partner site in Indiana. The city of Port Huron has offered to host a job fair in support of the project. Individuals interested in careers with Yen Group should email firstname.lastname@example.org.
“We are pleased to announce the launch of Yen Group, LLC in Port Huron, Michigan. Our goal is simple, to restore the operations that once thrived in this facility and create new job growth for the community. Our employees at Yen Group are our most important assets and we look forward to creating a world class manufacturing foundation with them. Our initiative to retain manufacturing jobs in the U.S. and the technical ability of the Michigan work force has driven this decision to launch in Port Huron and we look forward to a very bright future.” – David Yen, President.
The Michigan Economic Development Corporation announced today, its approval of a $400,000 performance-based grant tied to the 80 new qualified jobs and overall project investment. Approval of this grant was a vital component, as our region battled another U.S. target for location. The Yen Group was also considering Indiana as a site location due to proximity to its engine remanufacturing partner site and to the company’s customers, partners and engineers.
“I met with management and employees when the announcement was made that Royal Oak Boring was closing the plant and pledged to do everything we could to get it reopened,” said City of Port Huron Mayor
Pauline Repp. “Thanks to our partnership with the Economic Development Alliance and MEDC, today we’re excited to welcome the Yen Group to our community.”
Mike Barnes, formerly with Royal Oak Boring, has been hired as the facility’s plant manager and has played an integral role with the new company’s launch. “My talks with the Yen family started in May 2016, as I presented possible plans to restore the operations in Port Huron and retain the core team that has worked together for decades. It is with great pride that we have been very successful on every level thus far. Michigan employees have the work ethic, spirit and technical ability to bounce back in any situation, and thanks to the Yen family we have done that and more.”
“EDA’s goal from the very beginning was to take care of the employees that were being displaced from Royal Oak Boring,” said Dan Casey, CEO of the Economic Development Alliance. “We’re excited to work with Yen Group, to assist them to grow their business, and we’re thankful for their commitment to the community.”