Electric Power equipment manufacturer Central Moloney, Inc. plans to establish a new 140,000 square foot manufacturing facility in Bay County, Florida. The approximately $20 million project is expected to create more than 200 jobs.
Located in the Venture Crossings Enterprise Center, the 140,000 square foot facility will be primarily geared to producing single phase pole mounted transformers and will service the Company’s U.S. client base.
Central Moloney, Inc.’s President and CEO, Chris Hart, says “We couldn’t be happier to announce that our next chapter of growth involves an area and community full of welcoming stakeholders.” “Recent years have taught us many lessons. Our customer base continues to grow and so do our commitments to them. As this happens, it becomes more important to be able to bring those into our family who share our dedication to building the very best transformers in the world. The place for us to do that is Bay County, Florida.”
The new facility is due to an increased presence in the transformer market and ever-increasing demand for its services, according to company officials.
“Pine Bluff is still home. In order to remain strong here at home, we have to cultivate opportunities elsewhere. By moving one product line out, we get better at what remains while building a state-of-the-art facility dedicated to just pole mounted transformers.” “We firmly believe that the only way to coast is by going downhill. Our mission is not to coast. We will grow and grow the right way. Our story is just beginning,” Hart added.
Central Moloney, Inc. is an ISO 9001 certified company, manufacturing distribution transformers and transformer components.