PTM Corporation Invests $1.7 Million in Manufacturing Plant

Ira Twp., MI– PTM Corporation became a certified Women-Owned business in 2015 shortly after the daughters of Charlie Russell, founder of PTM Corporation and Modified Technologies (MTI), took over for their late father. The company has enjoyed success under the leadership of Donna Russell-Kuhr and her sisters, and now they are investing nearly $2 million to expand their facility.

PTM Corporation is a metal stamping supplier servicing the agricultural, medical, military, building and construction, non-automotive and automotive industries. 70-75% of all cars and light trucks on the road contain “Michigan made” metal stampings from PTM Corporation.

The expansion includes new truck wells, presses, and a prototype facility crane expansion. They are also investing in new robotics technology.

Donna Russell-Kuhr, Co-Owner, President and CEO, said in a press release, “It makes me proud to execute most of our strategic growth plans for this year even during a worldwide pandemic. It is even more exciting to work with local contractors and business owners by providing work and jobs to our partners. The investments will position my company to meet new contract needs now and opens the door for even more business down the road. This is a win-win for our community overall.”

“Even during the challenges of a pandemic, PTM continues to invest and grow,” said Dan Casey, CEO of the Economic Development Alliance. “PTM is really an extended family with an awesome culture that continues to accomplish great things in its industry and in the community. I believe that is an important reason for its success.”

Reporting for WGRT – Jessie Wiegand