Modula, an international corporation with an Italian headquarters manufacturing automated storage systems, has closed the purchase of a large plant in Warren County Franklin.
The project on 5000 Commerce Center Drive, which represents a 26.5 million. $ in capital investment, will create 100 jobs for the company, according to REDI Cincinnati. The building had previously released printing operations for Cox Media Group Ohio.
Modula said it decided to invest in southwest Ohio for its second US presence to expand its production capacity and increase access to customers across the country.
Modula is facing impressive worldwide growth at a rate of almost 25 percent year-over-year over the past five years, and especially in the North American market, we faced further acceleration over the past two years, " says Antonio Pagano, CEO of Modula Inc.
"After an accurate analysis, we chose Ohio and especially the Cincinnati area because of the excellent position, the great industrial presence and the high professionalism of JobsOhio and REDI Cincinnati, who helped us in The whole process. "[1
Modula President Franco Stefani said the company goal is to gradually establish a production capacity of 2000 vertical lift modules per year in the building.
"The highly automated production process is in line with the high-tech level of our VLM products and the WMS software that comes with them," says Stefani. "We are willing to invest in the rich, dynamic and talented human capital of this region that can work in an industrialized state-of-the-art environment."
The building was formerly owned and occupied by Cox Media Group Ohio and served as a print for all of its local newspapers, including Journal News, Dayton Daily News and Springfield News-Sun.
CMG Ohio closed the Franklin printing house in 2017 after agreeing with Gannett Newspapers to print its three daily newspapers and its weekly publications in its Indianapolis plant.
Monday's sale to Immobiltec USA Inc. $ 13.2 million.
After experiencing high growth in units sold, Modula decided for the first time to expand in the United States by separately establishing a new production operation and logistics center.
After considering elsewhere, Modula found that the Commerce Center Drive building in Franklin met all its needs for both man-made and logistics, which led the company to locate both operations in the building.
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