Ohio toolmaker planning for new plant, additional equipment

By Rhoda Miel
News Editor

Published: May 21, 2013 12:54 pm ET
Updated: May 21, 2013 12:55 pm ET

Related to this story

Topics Molds/Tooling

DUBLIN, OHIO — Mold maker International Engineering Group LLC is launching an expansion in Hilliard, Ohio, that will allow it to add molding machines and service molds in addition to its current production.

The Ohio Tax Credit Authority approved a 40 percent, five-year tax credit for IEG on May 20 that will help in the creation of an additional $1.3 million in payroll for its expansion, the state said in a news release.

IEG plans to buy an existing building in Hilliard and move from nearby Dublin, Ohio, as part of its plans, the state said. The company also is considering additional growth within the southwestern United States to meet “significant orders” from the Texas region.

The company plans to create 27 full time jobs, state officials said.

IEG produces injection mold tooling for housewares, electronics and the appliance industries.


Comments

Ohio toolmaker planning for new plant, additional equipment

By Rhoda Miel
News Editor

Published: May 21, 2013 12:54 pm ET
Updated: May 21, 2013 12:55 pm ET

Post Your Comments


Back to story


More stories

Image

Austrian mold maker seeking North American manufacturing partner

July 25, 2014 1:49 pm ET

An Austrian mold maker is looking for a manufacturing location in North America.    More

Image

Tooling Technology has new private equity owner

July 25, 2014 11:55 am ET

New York private equity firm GenNx360 Capital Partners has partnered with management to buy Tooling Technology Holdings LLC, a diversified Ohio-based ...    More

Image

Wisconsin mold maker doubling facility size

July 16, 2014 2:05 pm ET

A Germantown, Wis. toolmaker is planning to more than double the size of its facility.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events