Posted on Monday, May 09, 2016
TOLEDO, Ohio, May 9, 2016 – The Toledo-Lucas County Port Authority and NAI Harmon Group announced today that Dana Holding Corporation will open a new high-tech axle manufacturing facility at Overland Industrial Park, making Dana the first tenant on the recently redeveloped site. The addition of this new facility has the potential to employ over 300 associates by 2020.
“Dana has remained committed to metropolitan Toledo, its home for nearly 90 years. In 2015, we strengthened our commitment to the area by consolidating numerous satellite offices in the region into our expanded World Headquarters and Technology Center in Maumee,” said James Kamsickas, Dana president and CEO. “The investment in this new manufacturing facility is another substantial example of Dana’s commitment to the city and our community. It is an honor for Dana to return manufacturing to the same historic site where Toledo’s automotive industry began more than 100 years ago.”
Dana plans to lease the existing 100,000 square foot facility on the property, and the Port Authority and NAI Harmon Group will work to expand the building to nearly 300,000 square feet. Dana will be investing approximately $70 million in machinery and equipment in the facility over the next few years. The Port Authority and NAI Harmon Group began construction on the 100,000 square foot class “A” pre-cast, concrete industrial building in June 2014 and held a ribbon cutting ceremony for the facility last October. The facility was designed to suit warehouse/distribution or light manufacturing/assembly operations. Without the current facility already constructed on the site, Dana would not have selected Overland Industrial Park for its new high-tech axle manufacturing facility.
“We are very excited to announce that Dana Holding Corporation will be our first tenant at Overland Industrial Park,” said Paul Toth, president and CEO of the Toledo-Lucas County Port Authority. “We knew it was a risk to construct the first building on the site without a tenant, but our vision for the site has clearly paid off. More than 300 new jobs are coming to northwest Ohio, and Overland Industrial Park will once again become a symbol of hope and promise for our community.”
Since the Port Authority acquired the former Jeep Property in 2010, it has invested approximately $14 million to redevelop the site making it attractive to many potential end users. Upgrades to the site include remediation, site grading, installation of lighting and the completion of a new roadway located off Central Avenue, which will serve as the main entrance into the site until the Ohio Department of Transportation completes phase two of the I-75 interchange project. The property is served by Class I rail, offers easy access to the interstate system, and is seen by as many as 125,000 passing motorists each day.
“It’s nice to see a highly respected company such as Dana announce plans to locate operations at Overland Industrial Park,” said James Tuschman, chairman of the Toledo-Lucas County Port Authority Board of Directors. “Dana has played a major role in Toledo’s manufacturing economy over the years, so it’s exciting that they will kick-off the renaissance at the former iconic Jeep site.”
About Dana Holding Corporation
Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world’s original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing and distribution facilities. Founded in 1904 and based in Maumee, Ohio, the company employs more than 23,000 people in 25 countries on six continents. In 2015, Dana generated sales of nearly $6.1 billion. For more information, please visit dana.com.
The mission of the Toledo-Lucas County Port Authority is to develop expertise and assets that drive and grow the region’s transportation and logistics infrastructure and its economic prosperity for all.
www.toledoport.org – 419.243.8251