The return of Athens Mold and Machine to the city was celebrated Thursday at the plant by company officials and the public and private entities that helped bring it about.
“Today is truly a rising tide day,” said Mayor Steve Patterson. “It’s not only a rising tide, it’s a rebirth day.”
Athens Mold & Machine has owned the Mill Street facility since 1969 but production stopped in 2011, which a company official at be time attributed to the recession and tire companies shifting to overseas suppliers of molds. Since then, there has been a “reshoring” of the tire mold industry.
“They (Athens Mold & Machine) always held tight to the vision of reopening someday in the future. That future is now,” Sara Marrs-Maxfield, executive director of the Athens County Economic Development Council, told the audience at Thursday’s celebration.
“All of us at Athens Mold & Machine are very pleased…
ATHENS— Ohio University has received a $2 million grant from the Appalachian Regional Commission’s Partnerships for Opportunities and Workforce and Economic Revitalization (POWER) program to create a 28-county regional innovation network in Ohio, West Virginia and Kentucky.
The goal of the program is to create 125 new businesses and 1,110 jobs and raise $25 million in company investments from public and private sources over the next six years.
“Throughout Ohio University’s 212-year history, we have witnessed the fallout from closures of coal operations, power production facilities and industrial suppliers across this great region. We recognize our responsibility to extend beyond our campuses to engage communities in economic development activities that create jobs and improve lives,” said Ohio University President Roderick J. McDavis.
Ohio University’s Innovation Center, an incubator for small high-tech businesses, and partners from across the tristate region will work collaboratively on the Leveraging…
MIDDLEPORT — Questions arose as to the value of investing in an outdated plant in southeastern Ohio after Nidec Corp. of Japan acquired Akron-based Imperial Electric Co. in 2012.
The Middleport facility needed state-of-the-art equipment and improvements to play a key role in the expanding elevator industry.
After careful consideration of factors such as the plant’s central location, its highly trained workforce, and support from government, business and community leaders, Nidec made the decision to keep the facility open.
Meigs County JobsOhio, a private nonprofit designed to drive job creation and new capital investment, and AEP Ohio, a unit of American Electric Power, were among the organizations instrumental in convincing Imperial Electric to make the needed investment with their commitment of grants for $200,000 and $50,000, respectively.
Nidec officials say their $3.2 million Middleport investment reflects Nidec’s commitment to establishing their reputation as a global leader in the production of elevator systems.
Pradeep Sood, president…
PAS Technologies announced Thursday that its Hillsboro facility has achieved gold status, the highest level of achievement in the Performance eXcellence Process™ (PXP™), the Company’s lean operating system.
PXP™ Gold certification signifies that the PAS Hillsboro facility, the first PAS operation to have achieved this accreditation, is operating at world-class standards for all aspects of the business—customer satisfaction, environmental health and safety, quality, on time delivery, financials and employee satisfaction.
Operating globally in six locations, PAS is a specialized provider of cost-effective original equipment manufacturing (OEM) and maintenance, repair and overhaul (MRO) products, services and solutions for the commercial and military aerospace, industrial gas turbine and oil and gas markets. The company’s highly engineered, innovative products are world-renowned for advanced technology and unsurpassed reliability.
The PAS Hillsboro facility is a proven provider of OEM engine-ready parts and MRO special processes and services, driving world-class performance and trusted to consistently deliver operational excellence. As a…