Ellwood Group Inc. announced today, on September 20, to establish a US$60 million aluminium casting facility at its Ellwood Engineered Castings casting site in Hubbard, Ohio, reported the business journal daily.
Ellwood Engineered Castings is a gray and ductile iron foundry that operates at 7158 Hubbard Masury Road in Hubbard Township. It belongs to the parent company Ellwood Group Inc. consisting of nine operating business units that encompass multiple plants in Pennsylvania, Michigan, Ohio, Texas, and Canada.
{alcircleadd}
In regards to this new prospective project, executives of the company are of the opinion that this would help Ellwood Group to expand its materials production capabilities and widen its focus beyond steel to better serve the tool and die, aerospace, forging, plate mill rolling and extrusion industries.
According to the report, The Trumbull County Board of Commissioners has already approved a 60 per cent of the 10-year agreement for construction of the new plant. The ground is expected to be broken this fall and plant operating by the first quarter of 2020.
On completion, the plant would likely employ 34 full-time workers, said Pat Callihan, general manager of the Hubbard plant, to turn out a projected 150 million pounds of large round aluminium billet and slabs annually, as per the report.
“This significant investment clearly demonstrates Ellwood’s unwavering commitment to serve our customers and expand and develop new markets,” said Ben Huffman, chief operating officer, in a prepared statement.
Huffman called the new federal tax laws “a big shot in the arm, helping to justify this important project, bringing high-paying manufacturing jobs back to Ohio and the United States. He thanked President Trump to make all this happened.
The Youngstown/Warren Regional Chamber worked with the company for more than 18 months to land the project, said Lauren Johnson, manager of 422 Project and Business Development, adding “Securing this investment for Hubbard Township involved several economic development partners, including state and local officials. This is a big win for our community.”
Responses
