Rolled Alloys Inc. plans to add manufacturing and office space to its Thunderbird Lane facility.
The service provider of processed stainless and nickel alloys wants to add 40,000 square feet of space to its 60,000 square foot of warehouse/manufacturing plant.
Plans also call for office space to nearly double from 6,000 to 10,000 square feet of space.
“The market’s been good, there’s a strong economy, and we’ve been happy with our existing facility,’’ said Jim McConnell, general manager of Rolled Alloys.
“We’d much rather stay where we are and grow the building rather than relocate.’’
Rolled Alloys left West Chester Township and moved to rental built to company specifications in Fairfield six years ago.
Construction is expected to begin in the next few weeks on the $6 million project, which includes $3.5 million for construction and $2.5 million for machinery and equipment. It should be completed by the end of June 2020.
City council approved a 5-year, 50 percent tax abatement on property tax. In exchange the company agreed to retain its 50 full-time jobs and add 10 more within three years of completion of the expansion.
That would add $425,000 annually to the company’s existing $3.1 million payroll.
Under the agreement the company would pay the Fairfield City School District $11,700 and Butler Tech, $175 annually during the abatement period.
It is the second abatement the company has received. An earlier, identical abatement has since expired.
“With the additional jobs and taxes that we will bring to the local area we feel the tax abatement should be granted to keep us in our current location,’’ company officials wrote in their abatement application.
The Michigan-based company that supplies both heat and corrosion resistant alloys has eight locations in the United States plus facilities in Canada, Europe, and Asia.
Much of the work it does in Fairfield is for the aviation industry, McConnell said.
“We’re glad you’re here, we’re glad you’re expanding,’’ said Mayor Steve Miller.