Bulten North America, LLC, a leading manufacturer of fasteners for the automotive industry, announced plans to expand its operations in Northeast Ohio, adding 35 new jobs and retaining 21 positions.
The expansion will further boost Northeast Ohio’s $2.4 billon GRP, 25,000-worker automotive industry.
As the company looks to significantly expand its U.S. manufacturing footprint, it chose a facility in the city of Streetsboro to accommodate its growth.
“Ohio is well located geographically for the U.S. automotive industry. We look forward to use Streetsboro for our future expansion in North America,” says Anders Nyström, CEO of Bulten.
The city of Streetsboro, Portage Development Board, JobsOhio and Team NEO worked closely in the site search process as well as putting together a competitive incentive package.
“The city of Streetsboro is elated that Bulten has chosen to locate their business in our city,” said Streetsboro Mayor Glenn Broska. “Streetsboro is a prime location for business, and we welcome Bulten to our community. Many thanks go to all those involved in making this project become a reality and especially to Bulten for choosing our city. We look forward to working with them to help their business grow and prosper.”
Noting the need for industrial building in Northeast Ohio, Portage Development Board’s President Brad Ehrhart added, “We are grateful to CL Acquisitions for taking the risk to build a modern industrial building that provided the opportunity for Bulten to locate in the city of Streetsboro.”
“Access to market makes our region attractive for manufacturers, like Bulten, in the automotive supply chain,” said Bill Koehler, Team NEO CEO. “We look forward to the company’s expansion in Northeast Ohio and will do our part, along with our local partners and JobsOhio, to ensure their continued progress.”
Bulten AB (publ) is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,400 employees in eight countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm. Read more at www.bulten.com.
About Team NEO
Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of Northeast Ohio. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in Northeast Ohio’s 18-county region; we conduct research and data analysis to inform local conversations and influence solutions; we market Northeast Ohio as a region; and we work to increase access to jobs, education and training for the region’s 4.3 million people. For more information, visit teamneo.org.
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, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.