Metform, a division of MacLean-Fogg Component Solutions, will break ground Oct. 24 on a 100,000-square-foot precision component machining facility in Savanna, Ill.
Metform will begin construction of a state-of-the-art machining factory adjacent to the existing Hot Form plant on Illinois 84. Construction is scheduled to begin this month with operations expected to continue in the first quarter of 2013.
“The investment in the infrastructure, machinery and equipment is expected to top $30 million and create more than 60 new jobs in the next two years,” said Matthias Praus, vice president and general manager of Metform. “This project will support Metform’s significant business growth with newest technology and create long-term manufacturing jobs in northwest Illinois.”
“This investment will allow Metform to significantly expand its already strong position in the driveline component forging and machining market,” said Duncan MacLean, president of MacLean-Fogg Component Solutions.
MacLean-Fogg Component is a division of the MacLean-Fogg Co. and supplies fastener components, engineered components and linkage and suspension components to a wide range of industries.
MacLean-Fogg Co. is a worldwide enterprise with 26 North American manufacturing facilities, 11 international facilities, annual sales of $900 million, and a worldwide workforce of more than 3,000 people. The MacLean-Fogg Company provides engineered metal and plastic components to the industrial, automotive, military and aerospace markets, and devices used in the transmission and distribution of electrical power.