Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Economy Spring Plans Major Expansion in Southington, Connecticut

02/07/2018
Early next year, Economy Spring, an MW Industries company, plans to relocate its precision metal components manufacturing facility to a significantly larger facility, 18.5 miles southwest of Hartford, in Southington, Connecticut.

The new 216,000 square foot facility will be over twice the footprint of the existing Southington facility. Equipment will be moved in various stages during 2018 and 2019 with no expected operational impact to customers.

This expansion is fueled by the rapid growth of Economy Spring's coiled springs, wire forms, and product assemblies sold to customers in medical and pharmaceutical applications.

"Economy Spring's growth means we need more space to meet future customer demand. By selecting a facility just a mile down the road, we expect complete retention of our committed, technical, and highly experienced workforce," explained Tim Thompson, Senior Vice President & General Manager of Economy Spring. "Our transition plans include building finished goods inventory and communicating closely with customers to ensure a seamless transition."

As an incentive, the State of Connecticut Department of Economic and Community Development provided a $3 million loan to purchase equipment as well as relocation assistance.

"MW Industries is committed to investing in Economy Spring. The products are part of a broad market basket of precision metal components designed to meet the needs of customers in medical and industrial markets," stated John Bagnuolo, Chief Executive Officer of MW Industries. "We are proud to be expanding manufacturing in Connecticut."

Article Discussion

Follow Area Development

Share