LORDSTOWN - Matalco Inc. released more information on Wednesday its plan to construct a $100 million, 200,000-square-foot billet manufacturing facility in Lordstown.
The plant, which will be located in the Ohio Commerce Center on Tod Avenue, will employ approximately 60 to 80 permanent, full-time personnel and will produce 350 million pounds of various series, high-quality aluminum billet annually.
Matalco's plans to build in Lordstown were announced Monday on the Tribune Chronicle website, www.tribtoday.com
Sarah Boyarko, vice president for economic development, North America, with the Youngstown-Warren Regional Chamber, said that the Brampton, Ontario-based Matalco's plans support the continuing economic growth in the Mahoning Valley.
"The Matalco announcement has been a long time coming as the Chamber has been working with Matalco leadership for over a year and a half," Boyarko said.
"Securing this investment for the Village of Lordstown involved several economic development partners, including state and local officials. This is a big win for Trumbull County and further evidence that the Mahoning Valley's economy is strengthening," she said.
Construction on the facility will begin in the coming months and is expected to be fully commissioned by early 2016. A groundbreaking ceremony is scheduled for Sept. 17th.
Armand Sanguigni, president of Matalco, said that Lordstown was chosen for a number of reasons, including a high-quality talent pool.
"This significant investment clearly demonstrates our unwavering commitment to serve our customers and expand our market share. After a lengthy selection process, we decided on Lordstown as the site of our new plant because of its location relative to our market, its exceptional work force and the comprehensive incentive package and assistance provided from both the state and local levels," Sanguigni said.
"Overall, we are excited to be part of this progressive community as this will bring new jobs and opportunities to the region," he said.