After Maine comes Ohio.
Modula Inc doubles its sites in the USA by purchasing the “Dayton Daily News” building, which becomes its fourth site after Salvaterra di Casalgrande, Reggio Emilia, Italy, Suzhou in China and two in the United States at Lewiston (Maine) and Franklin (Ohio).
The purchase was officially announced in America yesterday, in Washington D.C., at the SelectUSA event, the United States' biggest investment summit, attended by top government officials.
"We are delighted to welcome Modula to our city and we are sure it will be a lasting partnership, because we believe that this new industrial business will help us to make Franklin a better place to live, work and have fun,” Franklin City Manager Sonny Lewis declared.
The entire investment in the new Ohio location, projected over the next three years, amounts to about 25 million Euros. By the end of 2022 one hundred workers will be hired, joining the 600 employees worldwide, 50% of whom are employed at the headquarters at Salvaterra (RE, Italy). Sales have recorded growth of 25% during recent years, exceeding 130 million Euros in 2018.
Our President Franco Stefani expressed his satisfaction with this new decision.
“The Ohio investment confirms our intention to grow our US production capacity, to serve the North and South American market faster and more effectively. The excellence of Italian manufacturing means it is well placed to win leading positions abroad as well as at home. The new manufacturing hub will be managed by highly skilled Italian staff, with the aid of local personnel."
Modula's figures are impressive: the company has recorded growth of over 28% (CAGR) since 2014, with particularly fast acceleration on the North American market from 2017 to the present, showing on the one hand the importance of continuity within its business and on other its leading role in the global expansion of Italian manufacturing of excellence. A manufacturing model that is leading the way in one of the world's most technologically advanced countries, the United States.
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