Generac to expand Wisconsin plant
Company plans $10 million expansion for manufacturing, technical center
Backup power systems manufacturer Generac Power Systems will commit between $5 million and $6 million to expand and remodel its headquarters and an additional $3 million to $4 million to create a technical center.
"The expansion of our headquarters isn’t just a major investment in our community, it is a major step in meeting the power generation and equipment demands of our customers," Generac CEO Aaron Jagdfeld said. "We have been growing rapidly over the last decade and this expansion will give us the flexibility and space to not only add to our team, but will create a space to allow the best engineers and technicians in our field to innovate and develop tomorrow’s technology for our industry."
Generac currently employs more than 550 people at its headquarters, and plans to add more than 200 new jobs over the next three years. The expansion and remodel, funded solely by organic growth, should be completed by the end of 2013. Looking beyond 2013, Generac has already purchased land adjacent to its Waukesha headquarters in preparation for future expansion.
The company’s location in western Waukesha county has been its headquarters since it was constructed in 1967 and has been expanded nine times during its history. The current project will convert approximately 27,500 sq ft of manufacturing space into office space and will add approximately 3,300 sq ft for a new main entryway that will include an area detailing the history of the Company and its products. The renovation and remodel will create a more modern and collaborative workplace and will provide both new office and meeting space to the existing building.
The technical center will be a state of the art research, development and testing facility and will include investments in equipment for data acquisition, analysis and testing of engines, generators and other power equipment. Specifically, new test chambers containing highly specialized equipment for the testing of emissions, sound, and environmentally controlled conditions will enable Generac’s engineering team to enhance its knowledge and competencies in these areas.
Generac currently employs more than 2,300 people across five locations, including the recently acquired Magnum Power Products in Berlin, Wis. and Gen-Tran Corporation in Alpharetta, Ga.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey