Austintown OKs Tax Break for Nordson Relocation
YOUNGSTOWN, Ohio – Nordson Corp. will receive a 60% 10-year Enterprise Zone property tax abatement to help fund its $25 million relocation of three manufacturing operations to the former Tamarkin warehouse at 375 Victoria Road in Austintown.
Township trustees voted to approve the property tax break at their meeting Wednesday night. It will help fund renovations to the building, which Nordson is leasing, including new bi-metallic processing and machining systems to improve product quality, precision and throughput.
Nordson, based in Westlake, plans to combine its existing screw and barrel operations in Youngstown, New Castle, Pa., and Pulaski, Va., into a single expanded manufacturing center. The transition is expected to be completed within 18 months.
Sarah Boyarko, the Regional Chamber’s senior vice president of economic development, said her organization has “worked with Nordson’s consultant for the past seven months to retain the company’s presence in Mahoning County and secure its additional proposed investment. So we are very pleased that the leadership from Austintown Township has elected to support the company’s plan.”
Nordson says its investment could exceed $25 million. It will result in the retention of 106 workers employed in Mahoning County as well as the transfer and creation of 143 additional positions at the Victoria Road site.
Earlier this month the Ohio Tax Credit Authority approved a 2.317% eight-year tax credit for Spirex Corp., which does business as Nordson Xaloy Inc.
Nordson currently operates the former Xaloy plant at 8469 Southern Blvd. that designs and makes feed screws and components for injection and extrusion machinery. The company purchased Xaloy Superior Holdings Inc. in 2012 for $200 million. At the time, Xaloy was headquartered in New Castle, Pa., where a plant still operates at 1399 Countyline Road. The Pulaski, Va., plant was also part of the Xaloy purchase.
In the polymer processing industry, Nordson provides engineered components to melt, homogenize, filter, meter and give shape to plastic and fluid coating materials. The company manufactures precision melt stream products including screws and barrels, filtration systems, pumps, valves, dies and pelletizing systems.
Pictured: Nordson employee operates a powder-coating machine.
Copyright 2024 The Business Journal, Youngstown, Ohio.
