# IMCO Carbide Tool to invest $39M in Perrysburg, Ohio expansion

IMCO Carbide Tool will invest $38.96 million to expand its facility in Perrysburg, Ohio, creating 92 jobs. The project includes a new corporate headquarters and is expected to begin in Q3 2022 and be completed by fall 2023.

- Type: Expansion
- Announced: 2022-08-29
- Where: Perrysburg, Ohio, United States
- Value: $39.0M
- Jobs: 92
- Starts operating: Q3 2023
- Status: announced
- Products: high-performance carbide cutting tools, drills, end mills, reamers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [IMCO Carbide Tool Inc.](https://endata.com/companies/49852.md)
- [IMC Group](https://endata.com/companies/49853.md) (investor)

## Sources

- [jobsohio.com](https://www.jobsohio.com/newsroom/news-press/machine-tool-builder-will-invest-39-million-in-nw-ohio), 2022-08-29: "The $39 million project will begin in the third quarter of 2022 and be completed in the fall of 2023."
- [thomasnet.com](https://www.thomasnet.com/insights/machine-tool-manufacturer-invests-39-million-to-expand-operations/), 2022-09-09: "A Northwest Ohio manufacturer of cutting tools plans to invest nearly $40 million to expand its operations in suburban Toledo"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.