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Absolute Machine Tools expansion in Lorain praised as local and private partners back plans to add capacity and jobs
Summary
Lorain County commissioners presented a proclamation recognizing Absolute Machine Tools' planned building purchase in Lorain, supported by JobsOhio and local partners; company and bank leaders said the expansion will create 11 jobs and retain 53 positions while shifting shipments to rail.
The Lorain County Board of Commissioners on Feb. 27 recognized Absolute Machine Tools, Inc. of Lorain for a planned building purchase that county and company officials said will expand warehouse capacity and create new jobs. Commissioner Jeff Riddell read a proclamation noting the company’s ESOP status and a JobsOhio loan that supports the project.
Rob Duncan of Lorain County Community and Economic Development said the expansion was the result of coordinated outreach: "Lorain County, Lorain City, Team NEO, One Lorain County and JobsOhio collaborated with Absolute Machine Tools to provide them this opportunity to stay in Lorain County," he said. Steve Ortner, president and CEO of Absolute Machine Tools, thanked local partners and lenders for helping the company add inventory space and automation services.
Ben Norton, president and CEO of Buckeye Community Bank, said his bank — headquartered in Lorain County — helped finance the project and expects the investment to support employment locally: "We were thrilled to be invited by Steve Ortner and Absolute Machine Tool team to assist them in creating 11 new jobs and retain 53 jobs in the county," Norton said. The proclamation states the project will double the company's warehouse capacity, reduce out-of-state shipping by moving some shipments to rail, and reinvest savings into growth.
The board posed for a photo with company and bank representatives after adopting the recognition.
