STILLWATER — Belgium-based ASCO Industries will open its new production facility in the former Mercury Marine MerCruiser engine factory in Stillwater, investing up to $100 million in the community and adding 600 jobs by 2015.
ASCO, an aerospace supplier that manufactures metal aircraft components, purchased the facility for its second U.S. location, Gov. Mary Fallin announced Monday at the Farnborough International Air Show in the United Kingdom.
The company has a design center in Washington state.
Officials in Stillwater approached ASCO about buying the plant after losing hundreds of jobs when Mercury Marine moved its operations to Fond du Lac, Wis. The MerCruiser plant closed in December.
“We are fortunate they ended up choosing our community,” said Lisa Navrkal, president and chief executive officer of the Stillwater Chamber of Commerce.
She said ASCO workers' average salary will be $45,000 a year. The company will begin hiring engineers, operators and skilled assembly workers in September. Meridian Technology Center will provide career training for employees as well as space for the company to conduct job fairs and interviews.
Officials said ASCO's initial investment will be $60 million and 250 jobs by 2014, when it expects to reach full production. As production ramps up, the company plans to invest another $30 million to $40 million and add 350 jobs in 2015.
“We chose to locate our operations in Stillwater because of its convenient location, attractive workforce and extensive training and research capabilities,” said Christian Boas, chief executive officer for ASCO Industries.
The company is expected to spend $100 million renovating and adding equipment to the facility. ASCO designs and makes aircraft components for Boeing, Airbus and Bombardier.
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ASCO Industries is establishing a hiring process for jobs in Stillwater. Right now, interested applicants can contact the Oklahoma Employment Security Commission at (888) 980-9675.