A rendering of the brand new constructing.
Governor Tony Evers, along with the Wisconsin Financial Improvement Company (WEDC) and firm officers, introduced that Yaskawa America will make investments no less than $180 million and create greater than 700 new high-paying jobs in Wisconsin.
Yaskawa America is experiencing important development pushed by innovation in robotics, movement management, AC drives and photo voltaic inverters. The corporate’s latest funding in Wisconsin will consolidate its Illinois and Wisconsin services into one campus in Franklin, Wisconsin, over the subsequent eight to 10 years. The mission contains relocating its North American headquarters and coaching facility from Waukegan, Illinois.
“I’m actually excited to be celebrating Yaskawa’s choice to relocate its headquarters to Wisconsin and broaden its footprint right here within the Badger State, bringing with them tens of millions of {dollars} in capital funding in Southeastern Wisconsin and a whole lot of high-quality, family-supporting jobs,” mentioned Gov. Evers. “Corporations from throughout the globe are selecting Wisconsin to develop and broaden as a result of they know we’ve the perfect employees making the perfect merchandise. Wisconsin is constant to strengthen our place as a frontrunner in superior manufacturing, and we’re glad to assist help this enlargement and Yaskawa’s continued success in our state.”
This enlargement marks a major milestone as Yaskawa Electrical Company celebrates its one hundred and tenth anniversary globally, and Yaskawa America, Inc. celebrates 58 years of gross sales, innovation, manufacturing, and repair in the USA. The Yaskawa America enterprise manufactures industrial robots, movement management merchandise, low and medium voltage AC drives, and photo voltaic inverters for quite a few industries, together with semiconductor, photo voltaic, machine software, automotive, HVAC, pumping, oil and fuel and others.
“The Drives & Movement Division of Yaskawa America, Inc. is proud to announce the unification of all its present manufacturing and workplace areas in Wisconsin and Illinois right into a single, consolidated campus in Franklin,” mentioned Mike Knapek, CEO of Yaskawa America. “We take satisfaction in our cutting-edge know-how, our dedication to high quality, and our world-class manufacturing, and we look ahead to a powerful way forward for development and innovation in Franklin.”
Governor Evers introduced that the Wisconsin Financial Improvement Company (WEDC) is supporting the mission by authorizing as much as $18 million performance-based Enterprise Zone tax credit. The precise quantity of tax credit obtained is contingent upon the variety of jobs created and the quantity of capital funding throughout that interval.
“Yaskawa joins the rising roster of progressive world corporations which can be selecting to develop in Wisconsin,” mentioned Missy Hughes, WEDC secretary and CEO. “With their emphasis on superior manufacturing and cutting-edge know-how, they’re an ideal match for our state.”
The brand new campus will embrace a headquarters, coaching, and lab constructing, manufacturing and packaging services, and robotics and semiconductor manufacturing operations. It would embody over 800,000 sq. ft, strengthening Wisconsin’s place in superior manufacturing. Yaskawa is the most recent firm to spend money on Franklin.
Milwaukee 7, southeast Wisconsin’s regional financial improvement group, additionally assisted within the firm’s enlargement efforts.
“We’re delighted that Yaskawa has chosen southeast Wisconsin for its enlargement and for the brand new location of its North American headquarters,” mentioned Gale Klappa, co-chair of Milwaukee 7 and Chairman of the Board of WEC Power Group. “This thrilling funding — introduced right now — is a testomony to the area’s strengths in automation and superior manufacturing.”
Information merchandise from Yaskawa America
