New Machinery Facility Bought for $1.6 Mil

MOUNT CLEMENS, MI-DMJ Tech will forge power train assembly equipment at the site for the automotive industry. Industrial development revenue bonds make the deal possible for MIKDEN Holdings.

By Robert Carr | July 03, 2001 at 01:01 AM

The money was provided by the state in the form of industrial development revenue bonds, which are exempt from federal, state and local taxes. Fifteen new jobs will be created by this new facility.

The leasing company is DMJ Tech, a manufacturer of specialty machinery with emphasis on power train assembly equipment, primarily for the automotive industry.

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