A concrete reinforcing steel (rebar) fabricator, Commercial Metals Company (CMC), has announced plans to locate a facility in Akron, investing in a building that had stood vacant for one year. A JobsOhio Revitalization Grant will support the project to ensure the building is ready for use. Once renovations are complete, CMC plans to grow operations and hire up to 50 new employees over the course of 5 years.
CMC, with its products in landmark bridges and buildings all over the world, will produce fabricated rebar at its new facility. CMC is the largest producer of rebar in the U.S. and has a network of rebar fabrication facilities across the country. A team comprised of Greater Akron Chamber, Summit County, and Team NEO worked with CMC management to ensure the Company invested in the Northeast Ohio Region for its growth.
CMC’s Akron facility is its second in Ohio. The company sees potential for Ohio, with growth in construction-related products and downstream operations in the rebar market.
“The investment by CMC is representative of the ongoing resurgence of traditional manufacturing in not only the City of Akron, but also across Northeast Ohio,” stated Gregg Cramer, vice president of Economic Development with the Greater Akron Chamber. ”Domestic and international companies are considering Northeast Ohio due to the successful public/private partnership we have built along with our competitive cost of living, location and workforce.”
