| Plans at BG industries are updated |
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| Written by Sentinel-Tribune Staff | |
| Tuesday, 07 August 2012 09:57 | |
• BETCO, which earlier this year purchased the vacated Cooper-Standard plant on Van Camp Road with plans to consolidate its operations, has decided to put the building up for sale. • Lubrizol Corp. has announced plans for an $11 million expansion and upgrade of its plant on North Main Street. • RemTec International, which recovers and reclaims ozone depleting substances, has been purchased by British-based A-Gas International, giving that firm its first processing presence in the United States. "BETCO decided that this building is not suitable for their operations," BG Community Development Director Sue Clark said Monday. "They have decided to put the building back on the market." Clark said BETCO hired an engineering firm and determined that the required safety upgrades and a probable expansion made their plan "cost prohibitive." BETCO handles and manufactures a variety of chemicals, among other cleaning and maintenance products. Lubrizol, a specialty chemical company based in Wickliffe, indicated the BG expansion and modernization "will keep the plant on the forefront of surfactant technology and strengthen its ability to meet the demands of its global customers." The facility employees 70 people in the production of surfactants used in personal care products. Construction will begin this fall with work expected to be completed by April 2013. Lubrizol indicated the BGCDF provided additional incentive for it to invest in the local community. Founded in 1986, RemTec contracts with organizations worldwide to remove, recycle, and remarket controlled halocarbons, including the U.S. and multiple other federal governments and numerous Fortune 500 companies serving the aviation, fire suppression, refrigeration, propellant, and environmental services end markets. The firm also provides safe destruction of the materials and is one of the largest generators of carbon offset credits issued by the California Climate Action Reserve. "I am extremely proud of the business that we have developed over the past 26 years and am excited about our prospects with A-Gas and LDC," said Richard Marcus, CEO and founder of RemTec. Clark said she expects the BG plant to continue to grow and prosper. |
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Comments
We have got to work on making BG much more attractive for medium sized businesses.
Vacancies downtown are rising, and time not leased is also increasing.
Further, it is an even more rate event for a business to stay in Toledo.
What I worry about is the Woodland Mall. Silverleaf Investments (the malls owner) is being sued for fraud by its backers. Shops are closing. Two others are trying to scout locations on the south side of BG. Rumor among two of the owners there, is that the entire building shuts down in November, if the owner doesn't pay the bank he owes.
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