Polymer research and development facility coming to Austintown
A research and development center to expand production capacity and increase efficiency for polymer processing.
Xaloy, a manufacturer of bimetallic plasticizing equipment, is building the center in order to create new technology and advance sustainability.
The company, which is headquartered in Austintown, manufactures various products like barrels and screws.
According to a news release from the company, the center will have facilities and equipment for research, product and process development.
The R&D Center will increase Xaloy to helps its customers to reduce scrap, increase output, promote the reuse and recycling of polymers and utilization of newly engineered resins and bio polymers.
Additionally, it will be a hub for developing advanced manufacturing capabilities that reduce energy utilization, material consumption and carbon footprint.
"Xaloy's decision to grow their operations in Austintown reinforces how Ohio's manufacturing heritage supports future economic development," said Gov. Mike DeWine. "Ohio is the heart of opportunity and innovation, and we're happy that Xaloy is expanding its presence here."
The company says it is investing $7.47 million dollars in the expansion, which will add eight jobs in research and development and 25 jobs in manufacturing.
Xaloy will receive assistance from a JobsOhio R&D Center Grant for the project.
The R&D Center Grant Program was created to facilitate new strategic corporate R&D centers in Ohio, with the goal of supporting the development and commercialization of emerging technologies and/or products that align with one or more of JobsOhio's targeted industries.
This is the first R&D Center Grant awarded in the Mahoning Valley.
Xaloy leadership worked with JobsOhio, Team NEO and the Youngstown/Warren Regional Chamber to secure this grant.
"This investment is a major win for the Mahoning Valley. A project of this scope allows cutting-edge technology to be developed in our backyard and ensures that Xaloy's presence in Austintown is firmly planted and competitive for many years to come," said Youngstown/Warren Regional Chamber President Guy Coviello.
21 News has contacted Xaloy for further comment.