Moley Magnetics brings production back from Italy, creates and retains 60 jobs in Lockport (NY)
LOCKPORT, N.Y. — Moley Magnetics, a manufacturer and supplier of heavy duty commercial construction equipment will bring previously outsourced production work from Italy back to New York State, creating 41 additional jobs and retaining 19 jobs at the company’s Lockport facility.
“By leveraging investments in manufacturing and technology, we’re expanding economic opportunity and bringing jobs back to the region,” said Gov. Andrew Cuomo. “This investment will further strengthen Western New York’s economy and further cement the region’s reputation as a hub for smart economic development.”
John Moley, president, Moley Magnetics, Inc. said, “Bringing this production back to New York is an important priority for Moley Magnetics. We look forward to expanding in Lockport, adding jobs, and continuing to provide the best quality customer service possible.”
The $2.1 million project includes the purchase and renovation of a building adjacent to Moley Magnetics current location in Lockport. The project also involves the purchase of new machinery and equipment, as well as furniture and fixtures which will allow the company to diminish Italian operations and bring 41 new full-time employees to Niagara County by June 20, 2020.
Image courtesy of Moley Magnetics
Source: Gov. Cuomo’s office