Century Mold to add 70 full-time jobs in Monroe
Century Mold has announced an expansion at its Monroe plant that is expected to bring 70 fulltime jobs.
The additions will cost $17 million, according to the Rochester, New York, company that has operated in Monroe for several years.
“The favorable business environment in the state, the availability of talented people and our 15-year history in this community were all key factors in our decision to further invest in Ohio. We are looking forward to growing our business and employment in Monroe, Ohio.” said Ron Ricotta, president and CEO of Century Mold, which designs and manufactures products for the automotive market.
There will be a 54,740-square-foot warehouse built, and the 70 jobs created will add $3.7 million to Century Mold’s $2.8 million in existing annual local payroll.
“Century Mold’s investment in its current and future workforce is a great example of a company benefiting from Monroe’s strong labor market. By having access to employees from the Dayton to Cincinnati metropolitan areas, Century Mold is able to grow their operations successfully,” said Jennifer Patterson, assistant to the city manager/economic development.
Cincinnati Commercial Contracting is he general contractor and will oversee the design and building of the warehouse as well as modifications to the existing building.
The addition is supported by incentives from JobsOhio, has support from REDI Cincinnati and is expected to be complete in May 2022.
“Century Mold’s growing presence in Monroe is an important part of the Cincinnati region’s ecosystem of more than 85 automotive manufacturers,” said Brandon Simmons, REDI Cincinnati vice president of project management.
A groundbreaking ceremony is planned for 9:30 a.m. Tuesday.