MacLean-Fogg Component Solutions Invests $30 Million On Savanna, Illinois, Machining Factory
Duncan MacLean, the firm's president said; "This investment will enable Metform to significantly expand its already strong position in the driveline component forging and machining market."
"This investment in infrastructure, machinery and equipment is expected to top $30 million and create more than 50 new jobs within the next 2 years," Matthias Praus, Vice President and General Manager at Metform, said.
Operations are expected to commence in the first quarter of 2013.Metform has three Illinois locations: two in Savanna and one in Mt. Carroll. Information on whether the firm received a package of incentives from state or local government, was not immediately available.
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