CARY, N.C.—Lord Corp. is enlarging its operation to handle future growth in the oil and gas sector.
It plans to invest about $15 million to expand the firm's Cambridge Springs, Pa., plant another 18,000 square feet and an undisclosed amount to open a new office in Spring, Texas, located near Houston. The expansion will boost the size of the Cambridge Springs plant to 190,000 square feet.
Both facilities will support customers in energy-related segments, including downhole drilling, the firm said.
Construction on the Cambridge Springs addition has begun, and Lord expects the expanded section to be operational by the third quarter of 2015, according to Jonathan Owens, director of the firm's global gas and oil group.
Lord's investment in the plant also will cover the purchase of machinery and other equipment.
The addition likely will create 10 or more new jobs at the site over a three-year period.The plant currently has a work force of about 140 full-time production and management employees.