Ohio-based supplier Worthington Cylinders announced Monday its plans to expand operations in New Albany over the next five years, including the addition of 80 jobs.
According to company officials, the expansion represents a company investment of more than $11 million, including the relocation of the recently-acquired Hy-Mark Cylinders’ physical assets to its New Albany facility, where it will be increasing production of existing products and adding new product lines.
Of the 80 jobs projected to be added, 30 of those jobs will be added this year.
Worthington, which is a worldwide supplier of pressure cylinders, acquired Piper Metal in June of 2009, in order to expand its pressure-cylinder business into the medical market.
Currently, the New Albany facility employs 165 workers.
Worthington Cylinders President Harry Goussetis says the move is a “substantial… commitment” to the New Albany facility.
“We are committed to growing our business, and this additional investment will expand our existing medical cylinder product line and will also add new products such as scuba tanks and cylinders for carbon dioxide used in beverage service applications,” Goussetis said.
The Mississippi Development Authority worked with company and local officials to help facilitate the expansion using Momentum Mississippi incentives. The State also provided workforce training assistance to the company.
“We appreciate the support and partnership of the State of Mississippi, the Mississippi Partnership Workforce Investment Board, Union County and the City of New Albany,” said Goussetis.
New Albany Mayor Tim Kent said Worthington is “a solid company.”
“Worthington is a great corporate citizen and we look forward to a long partnership as they continue to grow in New Albany,” Kent said.
Union County Board of Supervisors President Danny Jordan agreed.
“We are pleased with Worthington’s decision to expand in Union County,” Jordan said. “Our existing industry base is vital to our community and it is always exciting to see their success. I wish Worthington the best with their upcoming expansion.”
Three Rivers Planning and Development District Regional Economic Developer Josh West said said that MDA and Tennessee Valley Authority played major parts in helping with the Worthington expansion.
“They played a pivotal role in keeping these 80 new jobs in North Mississippi,” West said. “This was a team effort from the onset.”