Chattanooga, Tenn.-based injection molder M&M Industries Inc. is adding a plant in Lordstown, Ohio, by taking over a former automotive seating plant.
The 34-year-old pail molder received approval on Nov. 9 for a 15-year, 75 percent tax abatement to move into a former Magna International Inc. seating systems facility in the village of Lordstown, Ohio.
Glenn Morris, president and CEO of M&M, told the village council that he expects the plant to begin operations between Memorial Day and the Fourth of July 2021, according to a report by The Vindicator.
The container manufacturer also expects to provide more than 100 jobs to the area over the next five years, including machine and operator, production and shipping, and management and supervisor positions.
M&M also plans to invest $30 million to expand the building and bring in machinery and equipment, Lordstown officials said.
The 81,000-square-foot former Magna site closed in 2018.
"We are excited about the opportunity to be able to further our company to grow in the Lordstown community," Morris said in the report. " We look forward to being good neighbors … They have made us feel like we are part of the family."
M&M Industries did not respond to multiple inquiries for comment by Plastics News.