A diversified technology company with headquarters in India has announced plans to locate its first U.S. facility in Northwest Ohio.
P.M. Electric-Auto (PMEA) will invest more than $5 million and create 100 new jobs in locating a 65,000-square-foot facility in north Toledo.
While PMEA is recognized as a premier leader in the manufacturing of sheet metal components, related assemblies, torque tubes for the Solar industry, precise stamping products for Automobile parts, LED lighting, cleanroom partition panels, and laboratory furniture, this new Toledo facility will manufacture solar panel structural Torque Tube used in trackers. The decision to expand into the U.S. was driven by new contracts the company secured with a California-based renewable energy firm. PMEA currently operates 11 facilities in India with more than 500 employees.
The company noted it was a competitive project with Michigan, Texas, and Arizona. In stating the key factors in the decision to locate here, the company cited the Toledo region as a strong source for securing a manufacturing workforce.
The company noted Northwest Ohio has a proud history in manufacturing, which provided assurance that PMEA will not have any challenges in finding quality candidates. In addition, both the University of Toledo and the University of Michigan offer outstanding engineering programs which will benefit PMEA, the company said.
Logistics also played a role in the site location decision. PMEA will be shipping in components from India, so the proximity to the port of Toledo was important.
“We know this region has a proud history in manufacturing, so that gave us confidence that we will not have any challenges in finding quality candidates, We also know both the University of Toledo and University of Michigan offer outstanding engineering programs which will benefit us.”
– Company Executive
PMEA complimented the collaboration between the Regional Growth Partnership, JobsOhio, the city of Toledo, and Lucas County, describing the site search and incentive processes as seamless. The company expects to begin manufacturing this summer.
The Regional Growth Partnership is the lead economic development organization serving 17 counties in Northwest Ohio. As a private nonprofit development corporation, the RGP is dedicated to fostering regional, national, and international business investment opportunities across the region. The RGP serves as Northwest Ohio’s network partner for JobsOhio. Visit www.rgp.org for more information.
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership, and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter, and Facebook.