CITIC Dicastal Co., Ltd (Dicastal) headquartered in Qinhuangdao, China, invested $140 million in a production facility where United Solar Ovonic once had its campus in Greenville. Dicastal manufactures aluminum alloy wheels and is projecting to produce 3 million wheels annually in its new facility. Dicastal expanded the facility’s manufacturing space by 100,000 square feet, resulting in a total of 660,000 square foot facility.
Warner attorneys secured local, state and federal economic incentives totaling $20 million for the project. We helped Dicastal document and secure Michigan Business Development Program grants, property tax abatements, a Community Development Block grant and other incentives to help fund the project.
Warner’s Real Estate Practice Group assisted in the acquisition of the real property, including zoning, easements and other issues.
Our Construction Industry Group prepared and negotiated post-activities associated with the complex design and construction contracts for the existing facility and expansion of the new facility. The contracts involved substantial integration of equipment.
Our Resources, Energy and Environment Law Practice Group assisted in obtaining the air permits and other environmental due diligence to address site conditions.
Warner’s Business and Corporate Services Practice Group has served as corporate counsel to Dicastal since it entered the U.S. market.