Miba to Nearly Double Expansion Project in Morgan Co

Resource from: CBCC Likes:2967

Apr 08,2009

COLUMBUS — State Sen. Jimmy Stewart (R-Albany) announced Tuesday that the state Controlling Board approved the release of an additional $1 million in state loan assistance to support the expansion of Miba Bearings in McConnelsville. Last August, the Controlling Board approved a $3.5 million 166 Direct Loan to the Morgan County Improvement Corporation (CIC) for the construction of a new 35,000 square-foot manufacturing facility adjacent to the current Miba Bearings complex. The Morgan CIC plans to lease the building to Miba once construction is complete. A Rapid Outreach Grant of $120,000 was also approved at that time, to help Miba with the purchase of new equipment and machinery. The additional loan will allow Miba to expand the new facility to 62,500-square-feet and bring an additional 25 full-time jobs to Morgan County on top of the 60 new jobs expected under the original project plan. Founded in 1927, Miba is a leading global manufacturer of engine and automotive parts. The company’s product portfolio includes sintered components for car engines, transmissions, steering systems, and shock absorbers; friction materials, including clutches and brakes; and engine bearings.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Walz and Mederacke Strengthen Communication Team at Schaeffler
Next Schaeffler Wins Time to Avoid Breakup, Gets 1 Billion-Euro Loan

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.