Financial Wire

Whirlpool to Invest $60 Million in New Ohio Production Facility

-- Whirlpool (WHR) plans to invest $60 million in a new production facility in Perrysburg, Ohio, with a two-year development expected to create 100 to 150 jobs.

The investment will be used to revamp a building previously used for solar-panel manufacturing, the company said Friday in a statement.

The site, for production of appliance components and subassemblies for washers and dryers, will serve as a hub for US operations and support nearby Ohio plants, the company said.

The investment is subject to final approval of incentives, including assistance from JobsOhio and a state tax credit, the company said.

Price: $56.29, Change: $-0.59, Percent Change: -1.04%

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