Consolidated Precision Products Expands in Ohio, Pledges 128 Jobs
Aerospace and defense component manufacturer’s new facility will use state-of-the-art automation
Company Name: Consolidated Precision Products Corp. (CPP-Cleveland, Inc.)
Industry Sector: Aerospace & Aviation
Company Profile: Consolidated Precision Products Corp. (CPP), headquartered in Cleveland, is a leading manufacturer of highly engineered castings and sub-assemblies primarily for the commercial aerospace and defense markets. Founded in 1991, CPP is one of the world's largest investment and precision sand casting companies, producing complex super alloy, aluminum, magnesium and steel castings.
Company Website: www.cppcorp.com
Type of Project: Expansion
- Jobs committed: 128
- Jobs retained: 345
- Types of jobs: Computer Numerical Control, shell and casting operators, engineers, operations managers, quality and human relations
Capital Investment: $55,000,000
Timetable: Expected occupancy in Q1 2020 and fully operational by Q3 2021.
Consolidated Precision Products (CPP) has a 10-year contract with one of the big original equipment manufacturers in the aerospace industry to supply super alloy castings.
To accommodate growth, the company needed to construct a new facility that uses state-of-the-art robotic and automation technology to produce in-demand products at competitive market prices. Additionally, the company needs to purchase equipment and provide training for new and existing employees.
CPP will open a new advanced manufacturing facility in Euclid, Ohio. The expansion will result in a new 135,000-square-foot facility and the creation of more than 120 new manufacturing and engineering jobs.
The company worked closely with the Greater Cleveland Partnership, JobsOhio, Team NEO, the city of Euclid, Cuyahoga County and other partners to secure the business expansion project in Euclid.
With CPP’s long history in Ohio, the company understood the state’s well-earned reputation as an advanced manufacturing powerhouse, and its ideal location for developing and commercializing advancements that will improve and serve as an example for the industry. Ohio also has strength in aerospace and aviation, and currently is the top supplier to both Boeing and Airbus.
e are excited to make this investment in Euclid and to continue growing our Ohio presence. We look forward to this long-term partnership with the city of Euclid and its residents, and to being a fixture in the community for the years to come.
Chief Executive Officer / CPP
Greater Cleveland Partnership, city of Euclid, Team NEO, the Ohio Development Services Agency and JobsOhio