DeWITT — With the project underway, TTM Technologies Inc. (TTM) on Oct. 4 held a beam-signing ceremony at the construction site of its upcoming $130 million manufacturing facility. It’s located adjacent to its existing facility at 6635 Kirkville Road in the town of DeWitt. HB Construction also raised and placed the beam during the event, […]
DeWITT — With the project underway, TTM Technologies Inc. (TTM) on Oct. 4 held a beam-signing ceremony at the construction site of its upcoming $130 million manufacturing facility.
It’s located adjacent to its existing facility at 6635 Kirkville Road in the town of DeWitt.
HB Construction also raised and placed the beam during the event, TTM Technologies noted.
TTM is expected to invest up to
$130 million for the new facility and create an additional 400 “good paying” jobs, bringing the company’s Central New York workforce to 1,000, the office of New York Gov. Kathy Hochul said.
Hochul joined TTM and local officials for the Oct. 2 beam signing.
TTM Technologies (NASDAQ: TTMI) — which is headquartered in Santa Ana, California — will use the new DeWitt facility to produce ultra high-density interconnect (UHDI) printed-circuit boards (PCBs) that will be used primarily for U.S. military applications.
TTM will also invest in research and development to further integrate substrate and UHDI PCB technologies across the U.S. TTM’s new facility will be one of the first in the nation to specialize in manufacturing UHDI PCBs and advanced packaging, per Hochul’s office.
Empire State Development (ESD) is providing up to $17 million in performance-based Excelsior Jobs tax credits in exchange for the creation of 400 new jobs and the retention of more than 600 existing jobs in New York.
As with all Excelsior Jobs projects, TTM will receive the credits after demonstrating that it has met the job and investment commitments, Hochul’s office noted. Additionally, ESD has awarded TTM a $5 million capital grant from the Upstate Revitalization Initiative for reimbursement for machinery and equipment.
TTM will also receive a $30 million grant from the U.S. Department of Defense (DoD) for the expansion.
“Our new state-of-the-art 200,000-plus square-foot facility will deliver trusted, domestically sourced advanced ultra-HDI printed circuit boards. The new facility will help fill the capacity void that the DoD is facing. We are proud of our 60-year presence in Syracuse as an industry leader for DoD customers and end-users,” Thomas Edman, president and CEO of TTM Technologies, said in the state’s announcement.
The planned facility will bring “disruptive capability, or the ability for a trusted manufacturer to quickly bring new and innovative technology to market for UHDI PCBs,” Hochul’s office contended. It is expected to be one of the largest advanced PCB manufacturing facilities in North America with a highly optimized process to allow for shorter lead times, faster delivery, and a substantial increase in domestic capacity. In addition, this facility will be one of TTM’s most sustainable facilities in North America, the governor’s office added.
The beam-signing event happened exactly two years following Micron Technology Inc.’s (NASDAQ: MU) announcement that it planned to build a massive semiconductor-manufacturing campus at the White Pine Commerce Park in the town of Clay.
