Ohio Star Forge announces $20 million expansion
Ohio Star Forge has announced a $20 million expansion project at its plant here.
Representatives of Ohio Star Forge announced their plans to township trustees during a meeting at the township garage Monday night. Bill Orbach, Ohio Star Forge chief executive officer, said the efforts of several organizations made the area more appealing than other, competing locations.
“Jobs Ohio, the Trumbull County commissioners, along with the efforts of other state and local entities, made the expansion project more attractive in Champion,” said Orbach.
For months, Ohio Star Forge had been mulling an expansion at its Mahoning Avenue facility, which produces forgings for the automotive and fastener industries.
In February, the Ohio Tax Credit Authority approved $107,483 in job-creation tax credits for OSF. Though it has been in competition with a site in Japan for an expansion, the Mahoning Avenue site was selected.
OSF, an independent subsidiary of Daido Steel, a specialty-steel conglomerate with operations in the U.S. and Japan, claims such an expansion in Champion would create 26 jobs in its first three years of operation and retain 95 others.
Under the proposed investment, the Champion plant expansion would include $14 million in machinery and equipment, $3.7 million in building costs, $100,000 in land costs and about $2 million in other expenses.
A state incentive package also handed down in February included a $30,000 workforce-training grant, which will go toward training current and new workers at the plant.
Orbach said the project should break ground in the next week.