Petmin USA is pleased to bring its $474 million Nodular Pig Iron (NPI) facility to Ashtabula and Northeast Ohio. Following a comprehensive review of 15 potential project sites across multiple jurisdictions in the U.S. and Canada, Ashtabula became one of two favored sites, and was eventually selected for the following reasons: excellent infrastructure and logistics, proximity to the customer base, as well as the incredibly competent, enthusiastic project partners engaged in both the public and private sectors.
Petmin USA is committed to continue working in collaboration with a very supportive and most welcoming local community to ensure delivery of a world-class facility that Ashtabula will be proud of.
Petmin USA’s plant is expected to have cascading positive impacts on the Ashtabula economy by creating hundreds of jobs and generating millions of dollars for the city’s general fund and thus contribute to increased improvements in local public services. “The economic and tax benefits of the project will be far-reaching, providing valuable economic resources to local business and governments, households, schools and philanthropic entities during the construction and permanent operations of the new facility,” said Greg Myers, Executive Director, Ashtabula Growth Partnership.
It is also expected to highlight Ashtabula on the map for future commercial growth as this will be the first facility in North America dedicated to the production of high-quality NPI. Hundreds of companies in the metal-casting industry across the U.S. and concentrated in and around the Great Lakes region currently have no option but to import this niche commodity.
The operation of the plant will create 110 permanent jobs with a payroll of $6.6 million annually and is expected to support more than 300 additional jobs in the area as the result of increased local demand in the goods and services sectors, including groceries, restaurants, entertainment, fuel, healthcare, housing, and banking. This will ultimately support and expand on Ashtabula’s existing tourism sector, not only in the four or five summer months of the year, but right throughout the winter period, too.
The economic impacts of Petmin’s operation include:
The upcoming two-year construction period will attract a peak number of 650 contract workers into the Ashtabula area. The project is expected to generate more than $35 million dollars of additional spending within the county during this period, resulting in hundreds of thousands of dollars in local tax revenues. This excludes the direct and indirect spending by those expected to relocate back to their hometown in Ashtabula County, and other workers in neighboring states wishing to settle a little closer to the project site.
