www.mybaycity.com
November 28, 2012
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Quantum Composites, Inc. Receives Approval for Abatement
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MONITOR TWP. - Quantum Composites, Inc., the advanced composite division of The Composites Group located at 1310 South Valley Center Drive in Monitor Township's Valley Center Technology Park, received unanimous support Monday night by the Monitor Township Board of Trustees.
According to company officials, Quantum Composites, Inc. was granted an 11-year, 50% abatement on personal and real property. This is associated with an aggressive capital investment plan designed to generate significant growth and job creation over the next five years.
Wisdom Dzotsi, General Manager of Quantum Composites, Inc. said that the investment of nearly $400,000 includes equipment used to help customers understand how their products will perform in specific applications and in the process will create at least six new jobs within two years which will be needed to help the company meet new growth targets.
Quantum was purchased in 2010 by The Composites Group, an Ohio based composites collaborative dedicated to the conversion of metal products to reinforced thermoset composites which serves Aerospace, Defense, Automotive, and Recreation Industries, to name a few.
"Quantum Composites continues to strengthen their organization and workforce and will continue to align their capabilities to meet the needs of their customers. They are a high-tech company with high standards of quality: quality that they will continue to bring to Monitor Township and Bay County in the years ahead," said Trevor Keyes, Economic Development Specialist of Bay Future, Inc. Keyes has worked with Quantum Composites as part of Bay Future's retention program and helped to assist on the project.
To learn more about Quantum Composites please visit their webpage: www.quantumcomposites.com
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O. J. Cunningham |
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