Northfield manufacturing plant plans expansion
Auto supplier Freudenberg-NOK is planning a $3 million expansion for its manufacturing plant in Northfield that will add at least 15 jobs.
The Executive Council approved $5.2 million in bonds through the Business Finance Authority on Wednesday, which includes extending a $2.2 million loan made in 2009. The other $3 million will be used to expand the building from 40,000 to 65,000 square feet. It will also add 15 jobs to the 115 already existing jobs.
Construction is expected to take six months, said Jack Donovan, president of the Business Finance Authority.
Freudenberg-NOK is a German-based company that manufactures sealants and other auto supplies.
The plant in Northfield specifically makes axel steel products, according to a report from the Business Finance Authority.
This expansion is a significant project because although the economy is picking up, there hasn’t been much investment in manufacturing in New Hampshire in recent years, Donovan said. The company also has plants in Manchester, Bristol and Ashland.
The plant opened in Northfield in 1999 and is in the top five manufacturing employers in the state, Donovan said.
“It’s nice to see that they’re staying and growing,” he said.
Northfield Town Administrator Glenn Smith said there are many Northfield residents who work at the plant, although he did not have a specific number. The expansion also means the Freudenberg-NOK plant will contribute more to the town’s tax base.
“We’re very happy to see one of our employers expand in our town,” Smith said.
A Freudenberg-NOK representative could not be reached for comment.