Cold Jet invests $4.9 million dollars in a new, world class facility
Loveland, OH- Cold Jet® announces a $4.9 million capital investment in a new facility due to exponential growth. This facility will house the headquarters, manufacturing, and production all under one roof.
The new Cold Jet global headquarters will be located at 6283 Tri-Ridge Boulevard, Loveland, OH 45140.
“Cold Jet has grown its workforce over 30% in the last 10 years in the Greater Cincinnati area. We have an exceptionally low attrition rate due to a unique culture at the Company where people are empowered to do their best work in an entrepreneurial environment. We have now physically outgrown our spaces and look forward to moving into one facility that embodies Cold Jet’s culture. Our new facility will be functional, environmentally friendly, customer focused, and overall the best place to work,” says Michelle Simpson, Chief People’s Officer at Cold Jet.
Cold Jet plans to consolidate the two Cincinnati facilities into the newly renovated facility in Loveland by the end of August 2023. The new Cold Jet building will be down the street at 6283 Tri-Ridge Boulevard, Loveland, OH 45140. Creating a world-class facility will help to attract employees and customers, allow for product demonstrations at the company headquarters location and enable growth of production capacity and staff. Governor DeWine announced on Monday, August 29th in his press release the approval of assistance for 10 Ohio projects which are expected to create more than $318.4 million in investments. Cold Jet’s expansion is one of those 10 Ohio projects. Cold Jet is creating 67 of the 767 new jobs in Ohio, generating $5 million in new annual payroll, and retaining 120 of 2,032 jobs in Ohio.
“While Cold Jet has grown to 300 employees with 13 centers of excellence in 10 countries, our roots are in Cincinnati, OH,” said Christian Rogiers, Senior Vice President, Global Marketing, Cold Jet. “Our new Global Headquarters will serve as a true reflection of Cold Jet’s innovative, green technologies as well as our people’s values.”
Cold Jet has experienced 18% year over year growth the last two years despite the challenges and operational issues in this dynamic market. This growth is due to company culture, healthy and involved suppliers, and relationships at the local, regional, national, and multi-national levels.
Gene Cooke III, President & CEO, at Cold Jet states “At Cold Jet, we are more collegial and collaborative, and less formal than some other companies might be, and we translate that into our supplier relationships. We’re not looking for last dollar negotiations, we’re looking to build business partnerships that enable us to be responsive to our customer base, but also respectful of the business objectives of those suppliers. That means availability of the right material, at the right time, takes precedence over cost per unit and payment terms.”