Leaders of an Italian firm with a Forsyth presence held a ribbon cutting ceremony for their new local facility Thursday.
James Suh, president of Motovario Corp., welcomed guests to the 55,000-square-foot building located on 4 acres off Bluegrass Lake Parkway in south Forsyth.
Motovario, which has had a local division since 1998, produces a range of power transmissions products such as gears and motors.
Before moving into its new home a few weeks ago, the company was housed in a facility on Curie Drive that was less than half the size of the new building.
“In the Curie Drive complex … that space was only about 20,000 in square footage, so this is a big difference,” Suh said. “We have a lot of future planning upstairs. That area will be used for future expansion.”
The company employs about 30, but he said that number likely will rise to about 50 over the next few years.
The new facility represents about a $4 million capital investment.
Randall Toussaint, vice president of economic development with the Cumming-Forsyth County Chamber of Commerce, praised the company.
“Motovario served as one of the initial foreign companies to move into Forsyth,” he said, noting that today the county is home to more than 60 such companies. “Their expansion is indicative that our community serves a wonderful place to grow and thrive. However, what’s more important is that the company represents a growing trend of foreign direct investment which is occurring in Forsyth County.
“As our economy continues to grow and thrive, we value companies like Motovario because they continue to add jobs while creating new capital investment at a very critical time in our community’s history.”