- Ricardo Michigan Engine Manufacturing Line expands engine production capacity.
- Investment creates over 114 manufacturing jobs in Michigan.
Ricardo, a global engineering company focused on advanced propulsion and energy technologies, has announced plans to install a new manufacturing line at its facility in United States, specifically in Van Buren Township, Michigan. The production line will manufacture a high-performance gasoline-powered internal combustion engine that will serve as a flagship product for one of the company's customers. The initiative reflects Ricardo's continued investment in advanced engine manufacturing capabilities while strengthening its production footprint in Michigan.
The expansion project represents a combined investment of approximately USD 24 million. Funding for the project will be provided through investments made by Ricardo along with financial support from the Michigan Strategic Fund. This collaboration is intended to enhance manufacturing capacity while supporting industrial growth within the region and reinforcing Michigan's position as a major automotive and advanced manufacturing hub.
Investment Overview
The following table summarizes the key details of Ricardo's manufacturing expansion project.
Ricardo Manufacturing Expansion Details
| Category | Details |
|---|---|
| Company | Ricardo |
| Location | Van Buren Township, Michigan, United States |
| Investment | Approximately USD 24 million |
| Funding Source | Ricardo and Michigan Strategic Fund grant |
| Product | High-performance gasoline-powered internal combustion engine |
| Expected Employment | More than 114 new positions |
Manufacturing Expansion Supports Future Production
The newly established production line is designed to manufacture a high-performance gasoline-powered internal combustion engine that will become a flagship offering for a customer. Besides increasing production capability, the investment is expected to strengthen Ricardo's manufacturing operations, improve production efficiency, and contribute to long-term industrial development in the region. The project also demonstrates continued confidence in advanced internal combustion engine technologies for selected applications while creating significant employment opportunities at the Van Buren Township facility.
Frequently Asked Questions
What is Ricardo investing in at its Michigan facility?
Ricardo is investing approximately USD 24 million to establish a new manufacturing line at its Van Buren Township, Michigan plant. The investment, supported by both Ricardo and a grant from the Michigan Strategic Fund, will enable production of a high-performance gasoline-powered internal combustion engine for a customer. The expansion is also expected to create more than 114 new jobs while strengthening the company's manufacturing capabilities and supporting regional industrial growth.
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