$375 million natural gas plant opens in Mahoning County
Pennant Midstream opened a $375 million cryogenic processing plant in New Middletown in Mahoning County, Ohio. This will increase shale production in the Appalachian Basin, in turn augmenting economic development in the Mahoning Valley. The Hickory Bend gathering system includes 55 miles of pipeline and the processing plant which can support delivery of 600 million cubic feet per day. Pennant Midstream plans to add two more processing units to the plant. Chad Zamarin, president of Pennant Midstream believes the infrastructure investment could yield over $1 billion. Read Full Story
Worthington Industries invest in Turkish company
Worthington Industries, based in Columbus Ohio, is planning to buy a 75 percent stake in Aritas, a liquefied natural gas systems maker based in Turkey. The purpose of this transaction is for Worthington Industries to use their sales force to expand Aritas to sell in Western Europe and the Americans. Aritas has a strong LNG product lineup, which will help Worthington expand into the production of energy products, such as alternative fuels to power vehicles. Read Full Story
Chinese company invests $200 million in former GM plant site in Ohio
Fuyao Glass Industry Group Co., a Chinese automotive glass making company, signed a deal today in Columbus to open a plant in Moraine, OH. The plant will create more than 800 jobs in the next 3 years. The site was formerly owned by GM, where over 4,000 people were employed until it closed in 2008. Fuyao is working on a deal with JobsOhio to buy 1 million square feet, and plans on investing over $200 million in the plant. The plant will be within four hours of automotive plants in Kentucky, Indiana, and Ohio. Read Full Story
Diebold names a director for Latin American division
In Green, OH today, Diebold named Octavio Marquez the new managing director for their South and Latin American division. Marquez was formerly the IT manager at EMC. Marquez will be reporting to Diebold’s chief operating officer, George S. Mayes. Marquez will manage out of the Mexico City office. Read Full Story
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