Also, Festo announced that Yannick Schilly will step down as Chief Operating Officer and Vice President of product supply for North America. Dr. Nikolas Gebhard was named Schilly's successor.
Construction will be conducted in two phases and is expected to be completed by 2024. The company also plans to add 350 jobs in the fields of engineering, mechatronics, purchasing and material management, as well as production and logistics operations, over the next five years.
Festo, which maintains United States and North American regional headquarters in New York, first announced its move to Mason in 2013, opening doors in 2015 to a $50 million, 150,000 square-foot facility located along the I-71 Innovation Corridor. Festo’s leadership team credits the strong foundation established with city, regional and state officials, as well as the opportunities the regional ecosystem provides in terms of talent, connectivity and innovation in Industry 4.0/Industrial Internet of Things (IIoT), as the impetus to locate and expand here. This new investment is a next step in maximizing the 47-acre campus acquired by Festo to meet growing demands in the North American market.
“Strong market growth in the U.S. and other North American countries requires us to expand our capacity in logistics and production to ensure product and service excellence for our customers,” said Oliver Ring, Festo’s global senior vice president of supply chain and logistics. “We are pleased and proud to announce this substantial expansion here in Mason, where our team feels welcome and at home. We look forward to a long future of collaboration and success with our customers and partners.”
“As we continue to grow in the U.S. and North America, this strategic investment in production, logistics and supply chain excellence will enable us to better supply our customers long term,” said Carlos Miranda, chief executive officer of Festo, North America.
“Digitalization trends around Industry 4.0 (IIoT) are driving fast-paced changes in the automation industry,” said Rich Huss, president and chief executive officer, Festo U.S. “To keep up with and meet our customers’ high expectations, this investment will allow us to increase local production and strengthen our regional supply chain long term.”
“While this may seem like a traditional economic development announcement on the surface, this investment represents far more,” said City of Mason Mayor Victor Kidd. “Our four-year friendship with Festo runs deep. Through its incredible generosity to our community and schools, Festo has redefined what it means to be a partner, helping to inspire curiosity in STEM education in our youngest residents.”
The City of Mason, REDI Cincinnati, and JobsOhio are collaborating to create an incentive package for Festo. The expansion is contingent upon the approval of those incentives at the local level and from JobsOhio, which will be made public after review from the appropriate approval bodies.
“Festo’s expansion is an example of how talent, collaboration and commitment to innovation can help a global advanced manufacturing leader thrive in Ohio,” said JobsOhio Director for Advanced Manufacturing Glenn Richardson. “Festo has been a fantastic partner in Mason, investing in cutting-edge technology, creative training solutions and hundreds of new jobs for Ohioans.”
“Festo has a passion for transforming the way people work with their innovative technology solutions,” said Kimm Coyner, vice president of business development and project management at REDI Cincinnati. “Their increased investment in our region helps advance our leadership in IIoT. We are proud of our partnership, which has focused on strengthening our talent, including sponsorship of the City of Mason’s Innovation Week.”