Japanese heavy equipment maker Komatsu Mining said Thursday it will build a $285 million state-of-the-art headquarters and manufacturing campus in Milwaukee, US, which has the potential to bring about 440 jobs to Wisconsin's largest city.
The company, which last year took over local mining equipment maker Joy Global, reached an agreement with the state's economic development agency, which provide it with $59.5 million in state income tax credits over the next 12 years.
Project is expected to be completed in 2022.Komatsu, the world's No. 2 manufacturer of mining equipment after Caterpillar, intends to build a new corporate headquarters, manufacturing and training facilities at the former Solvay Coke site along the Milwaukee riverfront on Greenfield Avenue. The 54-acre site, to be called the South Harbour Campus, is near the location of the company's original machine shop off South First Street.
The planned 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 manufacturing space, consolidating two of Komatsu's current Milwaukee-area facilities into a central location.
The project is expected to be completed in 2022.