Austintown, Ohio-based Xaloy Holdings LLC will invest $7.47 million in a research and development facility to expand production capacity and focus more on sustainability issues for injection molders and extruders.
The facility will create 29 R&D and manufacturing jobs after it opens early next year; the company's goal is to become a pioneer of sustainable solutions.
Xaloy moving twin-barrel manufacturing to Virginia rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.
Xaloy moving bimetallic barrel production to Virginia from Ohio
Xaloy is returning barrel production to Pulaski, Va.
Xaloy Holdings LLC, the 102-year-old manufacturer of screws, barrels and components for injection molding and extrusion machinery, is moving its bimetallic barrel manufacturing operation from Ohio to Virginia.
The company s new private equity owner plan to invest $1.75 million into a former 100,000-square-foot Xaloy plant on a 30-acre site in Pulaski County. Most operations at the site were relocated in 2016.
Altair Investments acquired Xaloy in February from Westlake, Ohio-based Nordson Corp. Founded in 1929, Xaloy has one of the largest screw and barrel design portfolios.
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