AGRATI ANNOUNCES $4 MILLION INVESTMENT FOR 2019
Second year of multi-million investment at Tiffin plant
TIFFIN, OHIO – Monday, September 9, 2019 – The Agrati Group, a global manufacturer of fasteners for automotive companies, has announced completing its investment of $4 million in industrial machinery and equipment at the Airport Industrial Park facility in Tiffin. The project took place throughout calendar year 2019, and the company looks to consider possible additional investment next year. Agrati employs 66 people locally.
In 2019, Agrati worked closely with National Machinery in Tiffin, purchasing a new Formax cold former to expand capacity. The company also worked with Arnold Machine Inc. from Tiffin purchasing multiple custom assembly machinery.
In 2018, Agrati invested $1.6 million in industrial machinery, equipment, and renovations to its facility, in addition to adding 10 jobs, bringing its workforce to 66 at the end of the year. Last year, the company produced 177,355,326 fasteners and shipped 10,001 orders globally. Fiat Chrysler Automobiles (FCA) and General Motors are Agrati Tiffin’s top two customers.