New plants planned for New Albany and Hilliard

Vitamin maker Nature Made will build a $200 million plant in New Albany, creating 225 jobs and adding to a recent winning streak for suburban Columbus.

Health and wellness company Pharmavite received state tax incentive approval for the project Monday from the Ohio Tax Credit Authority.

The authority also approved a project for French lithium-ion battery company Forsee Power, which plans to establish its North American headquarters in Hilliard, creating 150 jobs.

Southern California-based Pharmavite will build a 200,000 to 250,000 square foot facility at 13312 Jug St. NW. Production is expected to begin by the end of 2024. The company expects the building to be expanded in the future.

The 225 jobs will have an annual payroll of $14.7 million, for an average salary of $64,311. The tax credits have an estimated value of $2.1 million.

The plant will make gummies, a rapidly growing part of Pharmavite’s business, CEO Jeff Boutelle said.

The company is running out of capacity to make gummies at its other operations in Southern California and Alabama, he said.

The New Albany plant will be the company’s fourth manufacturing facility and the second outside of California. Products produced at the factory will be shipped nationwide.

The company is also the maker of MegaFood and the menopause relief product Equelle,

Pharmavite, like other vitamin companies, saw a surge in demand for its products when the pandemic began. Even though the coronavirus has subsided, the company still sees demand increasing.

Beyond manufacturing, the new plant will have research and development operations intended to drive innovation with gummies so that the plant has the mix of professionals, scientists and workers needed to run it. .

“We fully anticipate this facility to expand as the business grows,” Boutelle said.

Boutelle grew up in Bowling Green, Ohio, and worked in Ohio, but it was a company team that settled in New Albany.

He credited a variety of factors for the company choosing New Albany, ranging from the workforce at Ohio State University to New Albany’s emphasis on health and well-being. -be.

The Mill News is New Albany’s latest hit.

Last year, New Albany landed a $365 million Amgen packaging plant, a $20 billion project from semiconductor company Intel, a 15-acre project to use batteries to store electricity. electricity and more recently a joint venture to develop data centers.

“We’re happy to have a string of successes here,” said Michael Loges, director of economic development for New Albany.

“We have been working with Pharmavite for not quite a year. From the first days of talking to the company, we could tell that they really matched their philosophy as a company and where we choose to invest as than community.”

Along with Amgen, the Pharmavite agreement helps fulfill New Albany’s commitment to health and life businesses, he said.

Loges expects Pharmavite to begin construction this fall.

In addition, Forsee Power will move to 4555 Lyman Dr. in Hilliard in an existing 138,000 square foot building. The company’s total investment is estimated at $13.2 million.

The building will have office, manufacturing, and research and development capabilities.

The company builds and develops batteries for autonomous vehicles and robotics, agricultural and construction equipment, buses and trucks, trains and boats.

“There are tremendous opportunities for growth in our target market segments: our proven experience in the field, our ability to scale industrial capabilities and innovate in zero-emission solutions for electric vehicle manufacturers will be key assets to quickly position itself as a leader in North America. “, said Christophe Gurtner, president and CEO of the company, in a press release.

The 150 jobs will have an annual payroll of $8.3 million, for an average of $55,333. Tax credits are estimated at $1 million.

[email protected]

@BizMarkWilliams


Source link

Comments are closed.