| BALTIMORE, MD Mon, May 21, 2007 Cinetic Landis Grinding Corp., a global manufacturer of precision grinding systems, today announced the relocation of its manufacturing/assembly facility to Washington County, Maryland. The new state-of-the-art facility, to be built on 28 acres in the Newgate Industrial Park, will include 85,000 square feet of manufacturing space and a two-story, 24,000 square foot office complex. This estimated $10.5 million project will bring approximately 150 higher paying jobs to Washington County.
“We are extremely pleased that Cinetic Landis Grinding chose to move their new facility to Washington County,” said Governor Martin O’Malley. “Their decision is a testament to Maryland’s strong manufacturing and technological foundation as well as our commitment to advancing market opportunities and business development. By building from our strengths, we are providing greater opportunities for our communities and our state.”
Cinetic Landis Grinding Corp. (CLG) is a global leader in the manufacture of precision grinding systems, primarily targeting automotive and diesel powertrain customers, including their tier suppliers. The company maintains a leading market position and "blue-chip" customer base by continuing to improve both its customer service infrastructure and core technologies such as precision hydrostatic systems, CNC axis control, multi-axis servo coordination, machine/sensor integration, motorized spindles and advanced software design. In addition to the machinery products, CLG's consumables group (Chardon, OH and South Beloit, IL) provides ultra-high precision cutting tools, abrasive and superabrasive grinding wheels to the same customer base.
CLG has been operating in a leased facility in Waynesboro, Pennsylvania since being acquired by Groupe Fives-Lille (GFL) on December 9, 2005. The facility is leased from the former owner, Intermec, Inc., headquartered in Everett, WA.
“GFL has provided Cinetic Landis Grinding with the opportunity to build a modern, cost-efficient facility that better fits our business model. Major factors considered during the site selection process included the proximity to our current facility and existing workforce, as well as the availability of business services, access to transportation, governmental considerations and community features,” said Daniel L. Pheil, president and CEO, Cinetic Landis Grinding, Corp.
The State, through the Maryland Department of Business and Economic Development (DBED), will provide a $500,000 conditional loan from the Maryland Economic Development Assistance Fund to assist with land purchase and development costs. DBED will provide up to $45,000 to assist with workforce training through the Maryland Industrial Training Program. Cinetic Landis Grinding will also be eligible for Job Creation Tax Credits.
To compliment the State’s funding, Washington County will also provide a $50,000 conditional loan for the project. In addition, the project has been approved to participate in the County’s “Fast Track Construction Program,” which will expedite the review and approval process for construction. Company officials anticipate the new facility will be operational by July 2008. CLG may also be eligible for the County’s New Jobs Tax Credit program.
“Manufacturing continues to be an important part of Washington County’s economic base. We are pleased that a company of the caliber and reputation of Cinetic Landis Grinding has decided to remain in our region. Many thanks to everyone who helped make this project happen, including the Hagerstown/Washington County Industrial Foundation for their cooperation in the sale of the site for Cinetic’s new facility,” said John F. Barr, president, Washington County Board of County Commissioners.
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