Ohio-based galvanized steel company Gregory Industries plans to make a $4.21 million capital investment in a Decatur steel plant, according to Decatur Daily.
The investment will consist of the purchasing of 100,000 square feet of the Willo Products building and 13 adjacent acres at the site for a galvanized steel tubing plant.
Gregory Industries recently purchased Mid-Ohio Tubing. Once the Morgan County plant undergoes renovations and begins operations, it will carry the name Mid-Ohio Tubing.
Company officials hope to have the plant open by June. The plan is to hire 20 employees at an average annual wage of $47,000 and add four more employees by the end of the third year.
According to Mike Rothacher, the Gregory vice president of corporate services, the company will hire a plant manager, maintenance workers, machine operators and general laborers.
The Industrial Development Board of Decatur approved $172,400 in state, city and Morgan County tax abatements for the company.
Morgan County Economic Development Association president and CEO Jeremy Nails connected with Gregory officials after Nucor found out the Ohio company was looking to expand by venturing into the south.
“We rely on existing industries to put us in contact with companies that they deal with,” Nails said. “We don’t have a lot of available buildings so we were fortunate that this building was available. It’s a win-win for Gregory and Willo.”
The Gregory plant will produce galvanized steel tubing that will be used in material called G-street metal framing. The plant will feature a tubing mill and a roll-forming mill.
Kyle Morris also contributes daily to Breitbart News. You can follow him on Twitter @RealKyleMorris.
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