Xaloy LLC announced plans to establish a new R&D Center at its Austintown, Ohio, headquarters with the goal of creating new technologies and advancing sustainability. Xaloy makes components for injection molding and extrusion equipment.
JobsOhio, the state’s private economic development corporation, provided a $2.2 million grant to Xaloy for the project, which will entail an 11,000-square-foot area at its headquarters facility. Total fixed asset investment for the center is about $7.47 million, which includes the cost of construction. Construction is under way, with a soft opening expected in the first quarter of 2024, limited by the lead time of equipment.
“The industry is undergoing rapid change driven by social awareness, environmental responsibility, and government legislation,” said Cheryl Sayer, Xaloy chief technology officer and vice president of engineering. “The Xaloy Innovation Center will allow us to lead the way to a more sustainable future. We believe the Innovation Center will set a new standard in the industry while strengthening Ohio’s position as a pioneer for innovative solutions and advanced manufacturing.”
The innovation center will boast state-of-the-art facilities and equipment for research, product and process development, and will allow for collaboration with industry leaders, experts and polymer research universities. Eight employees are expected to be allocated for the innovation center, with 21 additional positions created to manufacture products designed and developed by the R&D team.
“Xaloy's decision to grow their operations in Austintown reinforces how Ohio’s manufacturing heritage supports future economic development,” said Ohio Gov. Mike DeWine. “Ohio is the heart of opportunity and innovation, and we’re happy that Xaloy is expanding its presence here.”
