McWane announces $45 million investment, expansion in Ohio
McWane Ductile Ohio––part of the McWane, Inc. family of companies––has announced a $45 million total investment in its Coshocton County plant. Its investment has more than doubled since the initial $21.5-million collaboration was finalized with JobsOhio, the Ohio Department of Development, Ohio Southeast Economic Development (OhioSE) and the Coshocton County Port Authority, including a 1.372%, six-year Job Creation Tax Credit from the Ohio Tax Credit Authority.
The plant expansion is aimed to create 50 new jobs and retain more than 500 jobs––generating $2.6 million in new annual payroll while retaining $31.6 million in existing payroll.
“The opportunities afforded by this partnership cannot be overstated, and we are proud to work with JobsOhio, Ohio Southeast Economic Development and the Coshocton Port Authority to take this important step toward our state’s shared vision for long-term economic resilience,” said McWane Ductile Ohio General Manager, Tom Crawford. “By tying capital investments to job growth, these incentives provide a win-win, strengthening Ohio’s market competitiveness while securing our Coshocton workforce to sustain their families and our local economy.”
The McWane investment includes provisions for renovating and expanding the facility, infrastructure improvements and the addition of a new annealing line. The JobsOhio Talent Acquisition Services (TAS) program will assist the company with talent recruitment efforts and help build a pipeline of electrical and industrial maintenance talent to help support McWane’s needs with the expanded operations.