Production is expected to begin in the facility in January of 2011. Eventually 275 people will work at the facility, which will be used to manufacture generators and converters for wind turbines and solar power inverters.
Oconomowoc-based MSI General Corp. was hired to design and build the facility. At full capacity, the Milwaukee plant will employee 275 people and supply equipment capable of producing 7,500 megawatts (MW) of clean electricity each year for the U.S. renewable energy market.
Ingeteam currently holds between 12-15 percent of the global market share for wind power components and expects to expand its wind energy market share by opening its new plant, which will start production in 2011.
The Ingeteam facility will be located in the Menomonee Valley Industrial Center, an industrial park that was created by the city on a site at the west end of the valley, near Miller Park, that the city acquired from Chicago-based CMC Heartland Partners in 2003.
The city spent millions to clean up and attract development to the industrial park. When first created, the Menomonee Valley Industrial Center had 60 acres available for private development.
With Ingeteam’s purchase of 8 acres for its facility, there are now only 12 acres still available in the MVIC.
Ingeteam is made up of 28 companies with more than 3,500 employees and locations on four continents – Asia, Europe, North America and South America. Ingeteam’s focus on research, development and innovation has created high-value products that successfully meet the specific needs of customers worldwide. In 2009, Ingeteam allocated more than three percent of its total sales revenue to research, development and innovation activities.