Mohawk Extends Lease at Ashtabula Through 2022

ASHTABULA, Ohio -- Mohawk announced today that is extending the lease on its one million square-foot converting center and warehouse facility in Ashtabula, Ohio, through December 2022. Yhe decision to extend the current lease beyond its original term reflects Mohawk’s commitment to expanding its envelope converting operations and demonstrates its confidence in the workforce, the company said.

Mohawk, based in Cohoes, N.Y., describes itself as North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing. The company said it worked closely with the owner of the property, Saybrook Investment Corp., to extend the original lease,  which was set to expire in 2017, for an additional five year period.

“We’re experiencing significant growth in our envelope converting operations at our Ashtabula facility and are confident in the long term opportunities that are present there," said Jack Haren, president and chief financial officer, in a prepared statement.

Since January of this year, Mohawk has hired nearly 100 new employees and has invested over $2 million in equipment additions and upgrades in the company’s converting center and expanded its envelope manufacturing operations.

The company, one of Ashtabula County’s largest manufacturing employers, said it plans further growth with intent to hire 20- to 30 new employees this year.
 
“Mohawk has always been a great stabilizer for employment in Ashtabula County," said Peggy Carlo, Ashtabula County commissioner, in a statement accompanying the announcement. "We want to protect every job we can, and the positions at Mohawk are well paying jobs with benefits -- so we were extremely pleased that the Mohawk lease was extended.”

Mohawk’s Saybrook facility recently logged nine years without a lost time injury.

Mohawk is a fourth-generation, family-owned and operated business with global sales and operations located throughout North America, Europe and Asia.

SOURCE: Mohawk

Published by The Business Journal, Youngstown, Ohio.
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