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Mar-Bal buys new composites facility in Ohio

19 Sep '16

2 min read

Mar-Bal, Inc., a leader in the thermoset composite industry and innovative solutions provider, has completed the purchase of a manufacturing facility in Painesville, Ohio. The new plant will be a new start for Mar-Bal and the composites industry, by utilising best in class automation and manufacturing processes in BMC compounding and injection moulding.

Mar-Bal provides engineering design, material formulation, compounding, moulding, and finishing services to original equipment manufacturers (OEMs) in the appliance, electrical, industrial, and transportation industries. In addition, over the past year, Mar-Bal has expanded their business into the automotive and HVAC markets as well. This additional business growth, combined with their continued investments in innovative platforms, required Mar-Bal to invest in additional manufacturing space.

By collaborating with community leaders in the City of Painesville, Lake County, JobsOhio and team NEO, Mar-Bal will acquire and renovate the 110,669 square foot facility, which is the largest vacant industrial space in Lake County, by the end of 2017. Mar-Bal chose Northeast Ohio because of the skilled workforce required to design, build, operate and maintain a complex manufacturing operation. Within five years Mar-Bal will double their workforce and invest approximately US $15.0 million.

Scott Balogh, president and CEO of Mar-Bal said, “Serving our customers in a newly renovated facility with best in class technology will provide our people with the tools required to be the global quality leader. This Painesville facility positions us for future growth in our core manufacturing processes and is an important addition to our global manufacturing footprint. This facility will have the best and safest working conditions in the company, and when completed, will be the best fully integrated BMC compounding and moulding plant in the world.” (GK)

Fibre2Fashion News Desk – India