FINDLAY, OHIO – Last September, it was announced that a Findlay plant was in danger of closing. Since then things have turned around for the plant and Friday the company’s new owners held a special ribbon cutting ceremony to celebrate the re-launch of production.
Local and state officials welcomed the owning family of Valgroup, who are not only retaining the existing jobs of the former Dow Chemical plant, but are planning on expanding operations there as well.
Just a few months ago, 72 jobs hung in the balance after Dow Chemical announced they would be shutting down their plant.
Meanwhile, Valgroup, a coatings producer out of Brazil, was reviewing locations in Texas and the Carolinas to expand their production here in the U.S.
Then with help from the Local Economic Development Corporation, Valgroup toured the Findlay plant and knew they had found their perfect fit.
“We found out that the big customer market is here, and that we could be serviced by rail also. So actually, we found that logistically it made sense,” said Carlo Bergamaschi, the CEO of Valfilm.
Findlay is currently on a large economic upswing, attributed in part to tax incentives, a strong work force, and most importantly, infrastructure upgrades.
Glenn Richardson, the Managing Director of JobsOhio, thinks the new ownership is a great fit.
“The opportunity to locate here in Ohio and reach 60 percent of the North American population in a single day, in a drive, it’s really critical. We have great road, rail, water assets,” said Richardson.
Valgroup plans on eventually doubling workforce at the plant from 72 to 150 employees. They also plan to expand production to encompass all of Valgroup’s products.
The first round of expansion at the plant will begin next month and the full expansion plans are expected to be completed by the end of the year.
By: Toledo News Now