Xaloy Establishes Austintown, Ohio, R&D Center
The new facility will expand production capacity and increase efficiency for polymer processing.
"Xaloy has been a key enabler of technological and engineering advances in the polymer processing industry for over nine decades. The industry is undergoing rapid change driven by social awareness, environmental responsibility, and government legislation. The Xaloy Innovation Center will allow us to lead the way to a more sustainable future." said Xaloy Chief Technology Officer and Vice President of Engineering Cheryl Sayer. "We believe the Innovation Center will set a new standard in the industry while strengthening Ohio’s position as a pioneer for innovative solutions and advanced manufacturing."
The project is being supported by a JobsOhio R&D Center Grant. The R&D Center Grant Program was created to facilitate new strategic corporate R&D centers in Ohio, with the goal of supporting the development and commercialization of emerging technologies and/or products that align with one or more of JobsOhio’s targeted industries.
“Ohio is a global leader in the polymer industry, and Xaloy’s new R&D Center will further advance technologies and ideas for the industry’s evolving needs,” noted J.P. Nauseef, JobsOhio president and CEO. “This state-of-the-art facility will be another tremendous asset Xaloy brings to the Mahoning Valley, providing new jobs and opportunities for Ohioans who will innovate the development of products that improve manufacturing efficiencies for companies across sector lines.”
Xaloy leadership worked with state, regional, and local partners, including JobsOhio, Team NEO, and the Youngstown/Warren Regional Chamber to secure the project.
“Innovation is a key economic driver and projects like Xaloy’s new R&D facility are vital to our efforts of building a more vibrant economy,” added Team NEO Chief Executive Officer Bill Koehler. “Xaloy’s decision to expand in the Northeast Ohio Region is a testament to the resources we have, including a talent base in key positions like engineers, machinists and IT specialists and more than 25 higher education institutions, to support smart manufacturing, new product development and advance sustainability efforts."
As the global leader in high-performance machinery components and equipment for the plastics industry, Xaloy helps reduce costs and increase productivity in injection molding, extrusion, and other processes.
"This investment is a major win for the Mahoning Valley. A project of this scope allows cutting-edge technology to be developed in our backyard and ensures that Xaloy's presence in Austintown is firmly planted and competitive for many years to come,” said Youngstown/Warren Regional Chamber President & Chief Executive Officer Guy Coviello. "We are grateful for JobsOhio and Team NEO working together to make this a reality. Austintown trustees are also to be commended for fostering a business-friendly environment."
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