Italian Energy Industry Leader Westrafo Announces Plans for Ohio Production Facility at SelectUSA Conference
June 24 2024 - 2:05PM
Westrafo America, a privately held Italian manufacturer of power
transformers and energy solutions, plans to establish its first
North American production facility in Trotwood, Ohio, to serve the
U.S. market. The facility will create 230 new jobs.
“Building on the principles that have guided our growth, such as
innovation, sustainability, and strong customer focus, we believe
it is crucial to invest in the country that is focusing more than
any other on the development of an efficient and sustainable grid,”
said Westrafo CEO Alberto Cracco.
The Trotwood site will produce Westrafo’s medium and
high-voltage transformers and energy solutions systems, which are
focused on renewable energy growth. The company has been exporting
products to the U.S. since 2019 and can currently count on an
installed base of more than seven GW in the U.S. market. The
company decided to invest directly in the U.S. heartland to supply
an American product to local customers. The project is contingent
upon the approval of state and local incentives.
“I’m happy to join JobsOhio and the Dayton Development Coalition
to welcome Westrafo to both the United States and to the great
state of Ohio,” said Ohio Governor Mike DeWine. “By choosing the
Miami Valley for its first North American production facility,
Westrafo will have access to innovative thinkers and a dynamic
workforce to develop and manufacture transformers that
will help to create a more sustainable and efficient
energy grid.”
Westrafo announced the Ohio project Monday afternoon at the
SelectUSA Investment Summit in National Harbor, Maryland. Westrafo
has committed to invest at least $12.02 million on the project,
however the company said it plans to invest $15 million. Cracco was
joined by U.S. Department of Commerce Deputy Secretary Don Graves
and U.S. Ambassador to Italy Jack Markell at Ohio’s exhibit booth
for the announcement. JobsOhio attends the event each year, and the
Westrafo announcement marked the fourth time Ohio announced a major
project at the conference.
“Congratulations to Westrafo and the great state of
Ohio. Westrafo’s important investment in Ohio will contribute
to the clean energy transition in the United States, create jobs,
and grow the economies on both sides of the Atlantic,” said U.S.
Ambassador to Italy Jack Markell.
The SelectUSA Investment Summit is the highest-profile event in
the United States. It facilitates business investment by connecting
thousands of investors, companies, economic development
organizations (EDOs), and industry experts to make deals
happen.
“Today’s announcement with Westrafo demonstrates Ohio’s
longstanding commitment to creating a business environment where
international businesses and their people can thrive,” said
JobsOhio President and CEO J.P. Nauseef. “We look forward to being
a partner in Westrafo’s long-term success as it establishes its
North American footprint and advances renewable energy technology
with Ohio’s ingenuity and talent.”
The site, at 6214 Wolf Creek Pike, Trotwood, will continue
Ohio’s growth in the renewable energy industry and provide the
fast-growing company with direct access to the U.S. market.
Westrafo received a prestigious award in the “Fastest
Growing” category at the GO GLOBAL AWARDS 2023 and was listed
as 18th out of 400 companies named champions of growth in 2021 by
The German ITQF Institute, the leading independent body in Europe
in quality surveys, and has more than doubled in size since
2021.
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About WestrafoWestrafo is a leading company in the
electromechanical industry with production facilities in Italy,
Ghana and representative offices in the United States. Westrafo’s
product portfolio includes a wide range of integrated solutions for
the energy world and customized power and distribution transformers
for different applications, according to customer specifications:
photovoltaic, wind, hydrogen, energy storage and different types of
industrial applications.
About JobsOhioJobsOhio, Ohio's private nonprofit economic
development corporation, enhances company growth and personnel
development through business attraction, retention, and expansion
across ten competitive industry sectors. With a team of seasoned
professionals, JobsOhio utilizes a comprehensive network to foster
talent production in targeted industries and attract talent through
Find Your Ohio. Collaborating with seven regional partners,
including Dayton Development Coalition, Lake to River Economic
Development, Ohio Southeast Economic Development, One Columbus,
REDI Cincinnati, Regional Growth Partnership, and Team NEO,
JobsOhio delivers world-class customer service to provide companies
with a competitive advantage. Learn more at www.jobsohio.com.
Matt Englehart
JobsOhio
614-300-1152
Englehart@jobsohio.com