Construction will be conducted in two phases and is expected to be completed by 2024. The company plans to add jobs in engineering, mechatronics, purchasing, material management, and production and logistics operations throughout the next five years.
Festo, which maintains United States and North American regional headquarters in New York, first announced its move to Mason in 2013, opening doors in 2015 to a $50 million, 150,000ft2 facility located along the I-71 Innovation Corridor. Festo’s leadership team credits the strong foundation established with city, regional and state officials, as well as the opportunities the regional ecosystem provides in terms of talent, connectivity and innovation in Industry 4.0/Industrial Internet of Things (IIoT), as the impetus to locate and expand in Ohio.
This new investment is a next step in maximizing the 47-acre campus acquired by Festo to meet growing demands in the North American market.
“Strong market growth in the U.S. and other North American countries requires us to expand our capacity in logistics and production to ensure product and service excellence for our customers,” said Oliver Ring, Festo’s global senior vice president of supply chain and logistics. “We are pleased and proud to announce this substantial expansion here in Mason, where our team feels welcome and at home. We look forward to a long future of collaboration and success with our customers and partners.”
“As we continue to grow in the U.S. and North America, this strategic investment in production, logistics and supply chain excellence will enable us to better supply our customers long term,” said Carlos Miranda, chief executive officer of Festo, North America.
“Digitalization trends around Industry 4.0 (IIoT) are driving fast-paced changes in the automation industry,” said Rich Huss, president and chief executive officer, Festo U.S. “To keep up with and meet our customers’ high expectations, this investment will allow us to increase local production and strengthen our regional supply chain long term.”