Dana plans $70M axle plant at old Jeep site

October 19, 2017

Dana Holding Corp.’s decision to open an axle manufacturing plant at a once written-off factory site in North Toledo is being seen as a major win for the region’s economy and validation of a bold economic development effort begun just after the Great Recession.

Not only did Dana announce plans for a $70 million plant that will employ at least 300 people, but the Fortune 500 company will be the first tenant of the Toledo-Lucas County Port Authority’s Overland Industrial Park.

THE BLADE/DAVE ZAPOTOSKY

The plant, a portion of which is to expected to be operating by mid to late 2017, will make axles for the next generation of the Jeep Wrangler, a vehicle Dana has supplied since the 75-year-old brand started during World War II. And the plant brings Dana back to Toledo, after it moved its headquarters to suburban Maumee several years ago and after it shut down a small factory in 2012.

“This announcement really validates the vision we had when we bought this property back in 2010,” Port Authority President Paul Toth said.

In addition to leasing the entirety of the Overland Industrial Park property, Dana Holding Corp has also announced plans to build another 200,000 square foot building. It is estimated that the industrial park could be home to about 700 jobs by 2020.

To read more about the progress on the Overland Industrial Park site with Dana Holding Corp, click here.

Story from May 10, 2016.

ToledoAWP.com