Swagelok Company, a global developer and manufacturer of fluid system
solutions, announced today that its Board of Directors has approved
Solon as the location of its new $30 million - $50 million Global
Headquarters and Innovation Center, following a three-month competitive
site selection process.
The City of Solon and JobsOhio are both partnering with Swagelok to
support the company’s growth and enable Swagelok to expand in Solon.
Yesterday, Solon City Council approved its economic development package.
Pending Ohio Tax Credit Authority and JobsOhio approvals, the new campus
will be built at Swagelok’s present location at 29500 Solon Road in
Solon, where the Company has been headquartered since 1965.
“We are thrilled with the decision to remain in Solon and continue our
partnership with the city that has been instrumental in our company’s
growth,” stated Arthur F. Anton, chairman and chief executive officer,
Swagelok Company. “We offer deep thanks to City of Solon officials,
especially Mayor Edward Kraus, and the JobsOhio team for their support
and commitment to Swagelok. Their offers enable us to leverage our
manufacturing infrastructure and existing investments in the area, while
creating a world-class, technologically advanced facility that will
support our position as an industry leader and inspire the innovation,
productivity, problem solving and collaboration essential for the next
phase of our company’s success story.”
The new campus is expected to encompass up to 120,000 square feet of new
space and feature a state-of-the-art innovation center, customer welcome
center, and business operations center to house 300 to 350 associates,
with room for future job growth.
“The City of Solon is excited to welcome the new Swagelok Global
Headquarters and Innovation Center to our community. Swagelok has been
an essential part of Solon’s success, and we are grateful for their
continued partnership and commitment. Without Swagelok, there would be
no Solon,” said City of Solon Mayor Ed Kraus. “Swagelok’s international
prestige, public spirit, and dedication to its employees and customers
are well known and are a tremendous asset to any community. It is an
honor to be associated with such a company and we look forward to
helping Swagelok move this project forward quickly and beginning the
next chapter of our partnership together.”
Responses to Swagelok’s Request for Proposal (RFP), released May 3, were
due June 1. It was the company’s stated preference to remain in close
proximity to several of its manufacturing facilities; while certain
corporate functions will be restructured and relocated, all current
manufacturing facilities will remain in operation.
“We appreciate all the municipalities, both within and outside of Ohio,
that responded with competitive offers to our RFP,” added Anton. “We
were honored by the level of responses.” Anton specifically acknowledged
the efforts of the Greater Cleveland Partnership and Team NEO.
“Along with our local partners, we are delighted Swagelok chose Solon
for its new headquarters and global innovation center,” said Glenn
Richardson, JobsOhio managing director for advanced manufacturing.
“Swagelok’s overall commitment to innovation and advanced manufacturing
will bring an estimated 1,000 new jobs over the next several years to
Northeast Ohio to service its growing worldwide customer base.”
“Along with JobsOhio, the Greater Cleveland Partnership and the City of
Solon, we are excited to see Swagelok’s continued commitment to Solon,”
said Bill Koehler, CEO of Team NEO. “This was a highly competitive
project that required the close collaboration of local, regional and
state entities. It is with that same spirit of cooperation that we look
forward to continuing to support Swagelok’s growth in our region.”
Swagelok expects to break ground on its new campus in 2019, with
completion targeted by the end of 2020.
Swagelok Company is an approximately $2-billion privately held developer
of fluid system products, assemblies, and services for the oil and gas,
chemical and petrochemical, semiconductor, transportation, and power
industries. Headquartered in Solon, Ohio, U.S.A., Swagelok serves
customers through 200 sales and service centers in 70 countries,
supported by the expertise of 5,500 corporate associates at 20
manufacturing facilities and five global technology centers. To learn
more, please visit www.swagelok.com.
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