Nordson Receives Tax Abatement for Austintown Facility
Nov 14, 2016
Westlake, Ohio-based Nordson Corporation received a 60 percent, 10-year Enterprise Zone tax abatement this evening from Austintown Township Trustees for building renovations to be completed at its new manufacturing center at 375 Victoria Road (the former Tamarkin facility).
Westlake, Ohio-based Nordson Corporation received a 60 percent, 10-year Enterprise Zone tax abatement this evening from Austintown Township Trustees for building renovations to be completed at its new manufacturing center at 375 Victoria Road (the former Tamarkin facility).
Sarah Boyarko, the Regional Chamber’s senior vice president of Economic Development, said, “We have worked with Nordson’s consultant for the past seven months to retain the company’s presence in Mahoning County and secure its additional proposed investment, so we are very pleased that the leadership from Austintown Township has elected to support the company’s plan.”
As part of an initiative to optimize service to the growing global polymer processing market, Nordson announced in September plans to combine its existing screw and barrel operations in Youngstown; New Castle, Pennsylvania; and Pulaski, Virginia into a single, expanded manufacturing center of excellence in Austintown. The company, which expects the transition to the new facility to be completed within 18 months, will upgrade bi-metallic processing and machining systems in the building to improve product quality, precision and throughput.
This investment, which could exceed $25 million, will result in the retention of 106 employees in Mahoning County and the transfer and creation of 143 additional positions at the Austintown location.
In the polymer processing industry, Nordson provides customers with engineered components to melt, homogenize, filter, meter and give shape to plastic and fluid coating materials. The company delivers a full range of precision melt stream products including screws and barrels, filtration systems, pumps, valves, dies and pelletizing systems to meet the constantly evolving needs of the polymer industry.
Boyarko noted, “Nordson has been an impressive firm to work with throughout this process, and their pending investment is an exciting opportunity for the township and Mahoning County.”