FMT has announced plans to invest an additional $7.2 million to further expand operations. This will bring the total local investment to over $40 million USD over the past 36 months.
Findlay Machine and Tool (FMT) will add over 50 jobs and additional modern injection molding equipment and infrastructure. With the expansion, the company is making significant new investment to its facility in the Tall Timbers Industrial Park at 2000 Industrial Drive which will accommodate continued double digit annual growth.
Earlier today, the Ohio Tax Credit Authority approved a Jobs Creation Tax Credit to support the company’s expansion and employment growth.
Company CEO Dave Feldman attributed the region’s talent base in advanced manufacturing and related industries as a key factor in the decision to expand in Findlay, as well as the area’s central location and access to key markets.
“Being centrally located is critically important and a major advantage for our company,” Feldman said. “From a logistics perspective, we are within 600 miles of approximately 60% of the US population and our robust transportation network provides efficient access in and out.”
“We are making considerable investments in our team and in the latest in modern, eco-friendly, fully-automated, advanced manufacturing technologies, combined with a focus in innovation and new product development. These investments are designed to provide our clients with industry leading solutions and unmatched value,” stated FMT’s Owner Nick Reinhart.
“Our region’s fundamental strengths in the advanced manufacturing and plastics industries continue to attract new investment and high quality jobs from leading companies across the country,” said Dean Monske, president and CEO, Regional Growth Partnership. “With significant support from JobsOhio, we thank FMT for its investment and commitment, and we look forward to its long-term growth in Northwest Ohio.”
In addition to the RGP and JobsOhio, the city of Findlay and Findlay-Hancock County Economic Development offered significant support in marketing the existing site, workforce hiring and facilitating the permitting process.
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.
FMT is a high-quality, plastic injection parts manufacturer offering a range of services including engineering and design, industrial 3D printing and prototyping, plastic injection molding and tooling services. www.fmtinc.com. FMT is operated by Nickolas, a family office headquartered in Sarasota, Florida. www.nickolas.com.