Ohio Manufacturer Opens Tech Center in IrvineWednesday, February 12, 2014
A Cincinnati-based manufacturer of plastic processing equipment has opened a technical center in Orange County.
Milacron LLC’s 17,000-square-foot facility in Irvine includes a showroom and customer training center. It will be used to provide technical services and support for several of the company’s business lines, including Milacron Plastics Machinery, Milacron Aftermarket and Mold Masters, which it acquired last year.
The Irvine location is Milacron’s second technical center. Its first one opened in Queretaro, Mexico, last year.
The company expects to open a third one in coming months, in Southlake, Texas, and follow with two more regional centers in the next two years.
It is the latest of several technical and training centers opened in OC by various machine parts makers from other parts of the U.S. and world, including Hyundai Wia Machine America Corp., part of Seoul, Korea-based conglomerate Hyundai Motor Co. The machine-parts unit, which has a U.S. headquarters in Itasca, Ill., opened a 2,000-square-foot tech center in Cypress last year.
Swedish metalworking tools maker Sandvik Coromant also set up its training center in Cypress in 2012.
Methods Machine Tools Inc. in Sudbury, Mass., doubled the size of its existing OC tech center late last year when it moved from Buena Park to Anaheim.
Milacron has about 4,000 workers overall and is owned by affiliates of New York-based private equity firm CCMP Capital Advisors LLC.
CCMP focuses on buyouts and typically invests between $100 million to $500 million of equity in companies that range in size from $500 million to $2 billion.