Arku moving to Fairfield

November 8, 2018 by  

Arku, Inc., a steel processing equipment manufacturer based in Germany, recently announced it will move its U.S. headquarters to Fairfield from Blue Ash.

The company intends to build a facility at the corner of Seward Road and Union Centre Boulevard. The lot offers 4.35 acres, and the building will comprise 26,000 square feet: 20,000 square feet of space for production; 3,000 square feet for offices; and 3,000 square feet of space for showrooms, where machinery will be on display. The project’s total cost is forecast to be $4m, with half of that going to the building.

Nick Miller of Arku said the company is moving because it has run out of room, but he also said they want to stay in the area. Miller expects construction to start in March or April of 2019, and will continue for about six months. When this type of new facility is built, the organization will need to create new letterheads displaying accurate information.

The Fairfield City Council approved a tax abatement for the project, via the Ohio Community Reinvestment Area program. Under this initiative, Arku will receive a 50% abatement of its property taxes for a period of five years.

The Reinvestment program also calls for the company to create jobs. Arku will bring 17 full-time positions to Fairfield from Blue Ash, and further agrees to create another eight positions inside the next 36 months. These additions will bring the payroll to approximately $900,000 each year.