FINDLAY – A plastic injection molding company announced plans to invest an additional $ 7.2 million to expand operations. This will bring total local investment to over $ 40 million over the past 36 months.
Findlay Machine and Tool will create over 50 jobs and additional modern injection molding systems and infrastructure. With the expansion, the company is making significant new investments in its facility in the Tall Timbers Industrial Park on 2000 Industrial Drive.
On June 28, the Ohio Tax Credit Authority approved a job creation tax credit to aid the company’s expansion and employment growth.
Dave Feldman, CEO of the company, cited the region’s talent base in advanced manufacturing and related industries as a key factor in the decision to expand in Findlay, as well as the region’s central location and access to key markets.
“The central location is critical and a great asset to our company,” said Feldman. “From a logistical point of view, we’re within 600 miles of approximately 60% of the US population, and our robust transportation network provides efficient access to and from.”
The company will add 15 additional high-tonnage presses, more than doubling its current capacity.
“We invest heavily in our team and in the latest modern, environmentally friendly, fully automated and advanced manufacturing technologies, combined with a focus on innovation and new product development. These investments are designed to provide our customers with industry leading solutions and unmatched value, ”said Nick Reinhart, owner of FMT.
“Our region’s fundamental strengths in advanced manufacturing and plastics industries continue to attract new investment and quality jobs from leading companies across the country,” said Dean Monske, President and CEO, Regional Growth Partnership.
In addition to RGP and JobsOhio, the town of Findlay and Findlay-Hancock County Economic Development provided significant support in marketing the existing site, hiring workers and facilitating the permit process.
The regional growth partnership serves 17 counties in northwest Ohio. As a private, non-profit development company, RGP is dedicated to promoting regional, national and international business investment opportunities across the region. The RGP serves JobsOhio as a network partner in northwest Ohio. Visit www.rgp.org for more information.
JobsOhio is a private not-for-profit business development company dedicated to driving job creation and new capital investments in Ohio through business attraction, retention and expansion. The organization is also working to promote talent development in its target industries and attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio. Learn more at www.jobsohio.com.
FMT is a plastic injection molded parts manufacturer offering a range of services including engineering and design, industrial 3D printing and prototyping, plastic injection molding and tooling services. www.fmtinc.com. FMT is operated by Nickolas, a family office headquartered in Sarasota, Florida.