Hitchiner Manufacturing to Make $50 Million Capital Investment in Milford, N.H.
/Hitchiner Manufacturing Co., Inc. is pleased to announce plans to expand its New Hampshire operations with the construction of a new, 85,000-square-foot facility on the Company’s Elm Street Campus.
The building represents a multi-phased $50 million capital investment and will house operations to support new growth in markets Hitchiner currently serves. The investment is contingent on securing financing and permits from the town and state. Beyond the jobs that will be created during construction, Hitchiner expects that the investment will also eventually create an estimated 85 local jobs. The expansion will help ensure the future of Hitchiner’s current operations in the state, and its continued contribution to the state and local economies.
“Expanding in New Hampshire would not have been possible without the support of state and local government. Businesses planning to start-up or expand in the state today face important challenges. The high cost of energy in New Hampshire can be an especially high hurdle, particularly for manufacturing companies,” said Hitchiner Chairman and CEO John H. Morison. “Fortunately, Hitchiner was able to work through these challenges with the Governor’s office and the Town of Milford. The Company looks forward to working along with state and local government to continue to improve New Hampshire’s business environment in order to ensure a strong economy for current and future generations.”
The expansion, which is scheduled to begin mid-2018, serves to strengthen Hitchiner’s presence in New Hampshire, as well as its position as an industrial supplier. Hitchiner has been a part of the New Hampshire business community since 1946, when the privately-held company was established in Manchester, N.H.’s Amoskeag Millyard. Today the company employs more than 675 employees in Milford, NH, where it produces investment castings for the aerospace, defense, and automotive industries. It has also become known for its investment in education and workforce development, as well as its collaboration with local charitable organizations, such as the Boys & Girls Club of Soughegan Valley. In 2017, Hitchiner was named the Manufacturing and Business Technology Business of the Year by New Hampshire Business Magazine.
