Alcorta Forging Group Announcing First U.S. Manufacturing Facility in Marysville, Ohio

COLUMBUS, Ohio - June 30, 2020 - PRLog -- Alcorta Forging Group, a 100-year-old Spanish automotive supplier, has announced plans to establish its first U.S. manufacturing operations and regional headquarters in Marysville, Ohio, investing $15 million and creating 50 new jobs with a potential expansion to double in 5 years.

Alcorta plans to build its new 150,000-square-foot forging and manufacturing facility in the Marysville 33 Innovation Park. The project will be completed in three phases, with the company investing a total of $15 million toward the new building, as well as state-of-the-art machinery and equipment. Under the current uncertain circumstances, Alcorta will move forward with its pre-construction activities, while remaining on hold for the construction launch.

"Establishing our manufacturing plant in Ohio offers us a great opportunity to locally produce parts that are currently exported from Europe, while expanding our supply to Canadian, American and Mexican customers," said Alcorta CEO Lorenzo Mendieta. "Following a thorough site selection process, we strongly believe the Columbus Region provides better capabilities for our company and helps us provide additional services for our client base." After reviewing more than 20 locations, Alcorta selected Marysville due to its economic and industrial environment, the availability of adequate human resources, state and city incentives and the sincere involvement by representatives from the city, county and state.

In order to conduct a comprehensive site selection process Alcorta turned to the expertise of Pons Atlantic Partners, a Berlin-based site selection consulting firm. "Available and qualified workforce as well as an 'automotive tradition' were important factors for Alcorta in the selection process that could ultimately both be found in the Columbus region, which set it apart from a large host of communities under contention for the project," says Thomas Schwegman, CEO of Pons Atlantic Partners.

Based in Elgoibar, Spain, Alcorta has sales and engineering offices in U.S., Germany, France, Czech Republic, China and South Africa. This expansion will represent the company's first production facility in North America. The 100-year-old company develops and manufactures automotive components for the car body, engine, powertrain and exhaust systems through a highly advanced and automated manufacturing process.

About PONS Atlantic Partners

Pons Atlantic Partners GmbH, a consulting firm based in Berlin, Germany, conducted the site selection for Alcorta. The firm specializes in site selection and M&A advisory for small and medium sized businesses from Europe, seeking to enter the US market.