Trumbull Commissioners OK Abatement for EV Supplier
WARREN, Ohio – Transglobal Inc. will supply doors for electric vehicles made by General Motors and Rivian from a new plant it is building in Warren Township.
The Upper Sandusky-based company plans to spend between $4.8 million and $7.5 million to construct and equip a 42,000-square-foot building on North Park Avenue, said Nic Coggins, Trumbull County Planning Commission assistant director.
The Trumbull County Board of Commissioners approved Transglobal’s request for a 10-year, 40% property tax abatement during their meeting Wednesday morning.
Construction will begin soon, said Shea MacMillan, director of economic development projects for the Youngstown/Warren Regional Chamber, who worked with the company on the project.
“The goal is to be operating as soon as possible,” he said. “They’d like to be producing yesterday.”
Warren Township Trustees approved the abatement Tuesday evening. They negotiated the abatement down from Transglobal’s initial request for 60%.
Once the building is completed, Transglobal plans to hire 90 employees over the next three years, for an additional $3.67 million in payroll, Coggins said.
Transglobal manufactures a variety of products for the transportation industry including dry-freight wood, composite doors, refrigerated doors, replacement parts, ramp door spring systems and many other quality products, according to its website. The company was established in 2003.
Trumbull County was in competition with Michigan for the project, MacMillan said The plant will supply doors for electric vehicles for GM, which is building a battery plant in Lordstown to serve the EV market, and Rivian, which supplies trucks to Amazon.
“It’s fantastic,” MacMillan said. Transglobal will build the new plant on property adjacent to Bral Corp. There is a “strong business relationship” among the owners of the two companies, he said.
Bral’s existing building carries a tax bill of about $19,000, Coggins said. Factoring in the 40% abatement, the estimated additional tax would be about $25,000 annually, he said.
Copyright 2022 The Business Journal, Youngstown, Ohio.