Austria-based Miba Sinter USA opened its McConnelsville production facility four years ago, since which the company has doubled the size of the facility. Now, company officials have announced they will create more than 100 new jobs in the next three years.
Gov. Kasich said that, in a county with a 7.7 percent unemployment rate, the impact of an influx of good-paying jobs is huge. He added that the $8 million expansion of the facility, in combination with the $51 million Miba already has invested in McConnelsville, shows the promise of a brighter future for Morgan County.
To assist in the training of new employees, JobsOhio has awarded Miba with a $50,000 workforce training grant. An additional $2 million loan was provided to the company by the Ohio Development Services Agency to aid in the expansion.
Miba Sinter, a faction of the Austrian-based Miba Group, produces high-precision automobile parts used in transmission, steering and other systems for the majority of large production companies including BMW, Audi, Volvo and GM.