The Milwaukee Post

October 05, 2018

Milwaukee Post

Issue link: https://www.ifoldsflip.com/i/1036673

Contents of this Issue

Navigation

Page 5 of 23

6 • Milwaukee County Post • October 5, 2018 Komatsu to build new $300 million headquarters By KATHERINE MICHALETS Conley News Service WAUKESHA — A new $300 million headquarters and manufacturing cam- pus in Milwaukee's Harbor District will per mit Komatsu Mining Corp. to increase its staffing to 1,000 permanent, full-time positions in the city, about 400 more than it currently has there, according to an announcement. The Milwaukee-based global mining company said the proposed 2.5 mil- lion-square-foot South Harbor Campus on 54 acres would be located off Greenfield Avenue, near the company's original machine shop off South First Street. The intent is to have the campus com- pleted by 2022. The development, according to the announce- ment, would allow Komatsu to continue its commitment to Milwaukee as a large machining, heavy fabrication and engi- neering center for P&H mining shovels and drills. "The new campus pro- vides us opportunity for advancement in state-of- the-art facilities that expand our capabilities on a global scale," said Jeff Dawes, president and CEO of Komatsu Mining Corp., in a statement. "Our new facilities will be designed to enhance safety, efficien- cy and environmental sus- tainability — all top priori- ties of Komatsu world- wide, allowing us to better serve our customers and deliver innovative solu- tions." The planned Komatsu campus would include about 170,000 square feet of office space, a 20,000- square-foot museum and training building, and 410,000 square feet of man- ufacturing space, consoli- dating two of Komatsu's current Milwaukee-area facilities into a central location. Plans for the new head- quarters also have the goal of making it a near-zero emissions facility by incor- porating solar panels, wind spires, a remotely operated closed-loop heat treat sys- tem, green spaces, LED lighting and other sustain- able solutions. Project completion is expected in 2022. Gov. Scott Walker joined the company for the Sept. 27 announcement. "With a 134-year history in Milwaukee, Komatsu is one of Wisconsin's oldest employers, and we thank the company for making a long-term commitment to our state with this signifi- cant investment, which will position Komatsu for continued growth," Walker said. "We are pleased to be able to add Komatsu to the growing list of longtime Wisconsin companies that have decided to grow here because of the state's strong business climate and dedicated workforce." In addition, the Wisconsin Economic Development Corporation and Komatsu have reached an agreement that would give the company $59.5 mil- lion in state income tax credits over the next 12 years. Komatsu can earn the state tax credits based upon the number of jobs created and retained, the amount of capital invest- ment it makes, and the amount it spends on pur- chasing equipment, goods and services from Wisconsin-based compa- nies during that time. "This is a win for the city, state, our employees, customers and the commu- nity: together we are investing in Milwaukee's future as a manufacturing stronghold and valued employer," said John Koetz, Surface Mining president at Komatsu Mining Corp. "We are pre- serving existing jobs, lay- ing the groundwork for new employment opportu- nities, investing in the workforce of tomorrow, and helping attract talent to the area. Milwaukee is a great place for manufac- turing. We are proud of our history here and excit- ed to start building our future." BUSINESS Foxconn launches Smart Cities — Smart Futures competition MILWAUKEE — The competition to come up with new ideas on how to improve and enhance living and working environments, as well as to increase sus- tainability, was launched by Foxconn Technology Group at Marquette University on Monday. Foxconn has pledged up to $1 million to the Smart Cities — Smart Future compe- tition for the next three years. The initia- tive is open to students, faculty and staff at universities, college and technical schools across Wisconsin. Individuals and teams are encouraged to develop proposals to improve and enhance living and working environ- ments, promote attractive streetscapes, transportation networks and living spaces, and increase sustainability. The call for initial proposals runs until Oct. 31, and up to 100 entries will be cho- sen to receive a $500 award and move on to the next round of competition, where up to 50 entries will be selected to receive a $1,500 award. In the third round of the competition, the results of which will be announced in spring 2019, up to 16 entries will receive $5,000. Complete timeline and eligibility requirements are available at h t t p s : / / w i s m a r t c i t i e s s m a r t f u t u r e s. com/about-the-contest/contest-timeline/. Coolest Things Made in Wisconsin down to four MILWAUKEE — The Coolest Things Made in Wisconsin have been narrowed down to four finalists: Uncle Mike's Bake Shoppe's Sea Salt Caramel Pecan Kringle from Green Bay; C.C. Moo LLC's Medially Adaptive Feeding Tube Clothing from Stoughton; John Deere Horicon Works' Gator XUV 835R from Horicon; and Cardiac Science Corporation's Powerheart G5 AED with Intellisense CPR Feedback from Deerfield. The competition was created by Wisconsin Manufacturers & Commerce and the Johnson Financial Group. Products by Komatsu, GE Healthcare and Generac had been in the running, but did not make it to the top four. Briggs & Stratton enters supply agreement with Walbro MILWAUKEE — Briggs & Stratton announced Tuesday it has entered a supply agreement with Walbro, LLC, a global man- ufacturer of electronic fuel injectors and engine systems. According to the announcement, Briggs & Stratton will have the exclusive right to use Walbro's EEM SHIFTT electronic fuel injection systems on its single- and twin- cylinder engines for its riding lawn mowers and zero-turn radius lawn mowers. Additionally, Briggs & Stratton will now have the ability to introduce industry lead- ing, cost-efficient fuel injection technology to its line of residential-grade engines. Kohl's donates $1 million to American Cancer Society MENOMONEE FALLS — Kohl's has donated more than $1 million to the American Cancer Society during the next 18 months to implement programming that improves the health and wellness of Milwaukee-area families through the Kohl's Healthy Families program and con- tinues Kohl's ongoing support of the fight against cancer, according to a Tuesday announcement. Submitted rendering Komatsu Mining Corp. plans to build a 2.5-million-square-foot new headquarters on 54 acres in Milwaukee called the South Harbor Campus. Milwaukee mining company to call 54 acres in South Harbor home

Articles in this issue

Archives of this issue

view archives of The Milwaukee Post - October 05, 2018