UGN to Build $50M Plant in Monroe, Create 150 Jobs
- Mar 10, 2014
UGN Inc., a manufacturer and supplier of auto parts, last week announced plans to build a $50 million facility in Monroe, Ohio. Groundbreaking is scheduled to start next month, depending on the final approval of state and local incentives.
Last September, when UGN announced it had narrowed down the list to two potential locations, Ohio and Indiana, the cost of the project was set at $25 million. Since then, UGN has decided to double its investment and to choose Ohio as the home of its new facility.
“JobsOhio’s aggressive approach and Gov. John Kasich’s personal involvement were major deciding factors,” Peter Anthony, CEO of UGN, said in a statement for the press. “They do a nice job of helping business leaders explore the possibility of working in the state.”
Plans call for the construction of a 206,400-square-foot auto parts manufacturing plant. UGN also said there is room to expand by at least an additional 150,000 square feet. When finished, it will create 150 permanent jobs and generate more than $7 million annually in wages and benefits. Positions in the new plant will be added in phases.
UGN will manufacture new carpet and underfloor technologies at the Monroe plant. The company said that these products are being made in the United States for the first time ever. Beginning in 2015, they will be installed in Japanese-produced automobiles. In the past two years, UGN has increased its sales by more than 50 percent. The company has 1,500 employees at six facilities in the United States and one in Mexico.
“This new plant further strengthens our position as a world-class manufacturer,” Anthony declared. “We look forward to being a part of the community in Monroe.”
Gov. Kasich issued a statement last week following UGN’s announcement. “This is just great news for the people of Monroe and reinforces the important role that Ohio continues to play in the auto industry. It’s great that the company found the team at JobsOhio to be helpful to them and, more important, great news for the 150 families who will be receiving new jobs at UGN,” he said.
Photo of UGN’s facility in Somerset, Ky. Credit: UGN Inc.