Officials Celebrate Expansion of the Austin Powder Company
The expansion efforts of the Austin Powder Company’s Red Diamond Plant in Vinton County were celebrated today. Company to make $16.8 million investment, retain 200 jobs.
OFFICIALS CELEBRATE EXPANSION OF THE AUSTIN POWDER COMPANY
Company to make $16.8 million investment, retain 200 jobs
COLUMBUS, OH – The expansion efforts of the Austin Powder Company’s Red Diamond Plant in Vinton County were celebrated today during an event that included company officials and representatives from JobsOhio, the Appalachian Partnership for Economic Growth (APEG), and Columbus Gas of Ohio.
Austin Powder, the second oldest manufacturing company in Ohio, began as a supplier of black powder to the mining industry. It has since evolved to manufacture a full line of industrial explosives and accessories. It also provides blasting services to customers throughout North America and around the world.
A $100,000 grant from Columbia Gas of Ohio’s Jobs Growth Fund, along with assistance from the State of Ohio and JobsOhio, will help support Austin Powder’s expansion efforts. The company has committed to invest $16.8 million in the construction of a new manufacturing facility in the McArthur area, a project that will retain 200 jobs.
“Columbia is proud to award Austin Powder with this Jobs Growth Fund grant,” said Columbia Gas of Ohio President Jack Partridge. “This company has deep roots in the McArthur community, and we want to help provide incentives for their growth. As companies are expanding, the Job’s Growth Fund is one way to ensure Ohio is considered as an attractive and sustainable business environment.”
Also speaking at the event were David Mustine, JobsOhio Managing Director; John Molinaro, President and CEO of APEG; and Terri Fetherolf, Vinton County Development Director.
“We are happy to partner with Austin Powder’s Red Diamond Plant to support its sustainability efforts. As one of Vinton County’s major employers, we look forward to a long-term relationship with the company and seeing Austin Power with this community continue to grow and thrive in Ohio,” said Mustine.
John Molinaro also noted the positive impact of Austin Powder on the local community. “We are extremely pleased that the company is making this significant investment, helping to ensure that it retains it competitive position in the marketplace and its ability to continue to provide good jobs to so many local workers.”
For more information, contact:
Matt Englehart, JobsOhio