Iron World Expands Howard County, Maryland, Manufacturing Plant
02/08/2017
The company will invest $1 million in the project to streamline its manufacturing process and reduce costs. Improvements include exterior upgrades and extra storage space, as well as a new automated routing machine and an additional panel assembly machine, which will significantly decrease assembly time and increase production by 300 percent.
“We are thankful for the help in automating our manufacturing operations to ship steel and aluminum fence panels around the country,” said Richard Stellabuto, President of Iron World. “This investment will allow us to produce our products for less, lower our cost, and increase sales.”
"Iron World growing its manufacturing operations in Maryland and taking advantage of our outstanding workforce is tremendous news,” said Governor Larry Hogan. “This expansion, and the 50 new jobs it will create, is a win for our state as we work to provide new and better opportunities for hardworking Marylanders.”
As an incentive to assist with project costs, the Maryland Department of Commerce has approved a $300,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Additionally, the Howard County Economic Development Authority will provide a workforce training grant to support the expansion. The company is also eligible for various tax credits, including Maryland’s Job Creation Tax Credit.
“Maryland Commerce is proud to support Iron World’s expansion and in particular the company’s new equipment purchase, which will significantly boost production,” said Maryland Department of Commerce Secretary Mike Gill. “Iron World is one of numerous manufacturers that has chosen to expand operations in our state in recent months and we are pleased to be able to work with our county partners to ensure these companies remain and thrive in Maryland.”
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