Revitalized site meets expansion needs of rapidly growing company
Spray Products Corp. has acquired a facility in Medina to accommodate its rapid expansion. Local, regional and state partners came together to support the revitalization of a vacant Valspar spray facility, which is an ideal fit for Spray Products’ production needs.
Toledo site provides necessary infrastructure and proximity to customers
Cleveland-Cliffs Inc., a Cleveland-based major supplier of iron-ore pellets, broke ground on its first hot briquetted iron (HBI) production plant near the Port of Toledo. The company is investing $700 million in the facility, which will be the only one of its kind in the Great Lakes Region. The plant will create up to 1,200 construction jobs and 130 permanent jobs with an average salary and benefit package exceeding $100,000 a year.
Abundant natural gas in the Ohio Valley is providing economic benefits for the region and beyond.
The Wall Street Journal recognizes that Ohio’s abundant natural gas and natural gas liquids provide economic benefits for Ohio and surrounding states. This part of Appalachia is a national driver of gas production. The improved drilling techniques have cracked gas-rich shale formations.