Festo Corporation, a German-based company, plans to locate its new $50 million Regional Service Center along the high-tech I-71 corridor approximately 20 miles northeast of downtown Cincinnati in Ohio, where the firm plans to create 250 jobs.
The company will build an estimated 175,000 square foot state-of-the-art facility on a 45-acre campus in Mason, Ohio. The energy efficient and environmentally friendly facility is scheduled to open in 2015. It will double the company’s present capacity and serve the United States, Canada, and Mexico.
“We are so pleased that Festo has chosen the Cincinnati region for the home of their next U.S. facility, and we welcome the strength and excitement they will bring to our advanced manufacturing cluster,” said Denyse Ferguson, Senior Vice President and Executive Director of the Cincinnati USA Partnership. “As the leading worldwide supplier of automation technology, Festo is well known for its innovation and technological expertise. We look forward to continuing to partner with them to grow their U.S. presence.”
Cincinnati USA Partnership partnered with the City of Mason and JobsOhio to ensure that competitive incentive packages and innovative local provisions were maximize in the attraction of this high-tech investment.
"Festo’s recent announcement to establish its newest North American facility in Ohio reflects the strength of our advanced manufacturing workforce and strategic location in the U.S., which will allow Festo to better serve its customers,” said John Minor, JobsOhio President and Chief Investment Officer. “JobsOhio and its network partners look forward to strengthening its relationship with Festo and supporting its needs to succeed and grow here.”
“This kind of job creation is exactly why many entrepreneurs and businesses invest in the Cincinnati USA Partnership,” said John F. Barrett, Chairman, President and Chief Executive Officer, Western & Southern Financial Group, and investor in the Cincinnati USA Partnership. “We share the same vision for Cincinnati’s growth and economic development – it is important for all of us to play our part.”
Festo Corporation will maintain its corporate headquarters and associated front office jobs, including engineering, information technology and administration, on Long Island, NY. Present Festo employees whose jobs will move to the new RSC in 2015 will have the opportunity to apply for those positions in Ohio.
“This is a very exciting time for Festo and for the Cincinnati region. Festo's expertise is unprecedented, and we look forward to helping them grow their customer base here, as they assist our companies with maximizing their productivity and competitiveness,” said Trevor Hamilton, Vice President of the Cincinnati USA Partnership and cluster lead for Advanced Manufacturing.