Hernon Manufacturing Inc. plans $1.4M expansion
Edgardo Rodriguez of Hernon Manufacturing shows a tube of his company’s adhesive.Hernon Manufacturing Inc. plans to spend up to $1.4 million to quadruple its 25,000-square-foot plant by the end of 2013.
The Sanford-based industrial solvents and adhesives company anticipates hiring
about 15 to 20 additional workers at its 4.5-acre headquarters in late
2012. Most of those will work on the production line, but the firm also
will hire office workers, equipment assemblers and machinists, and pay
about $30,000 to $70,000 for these jobs.
A design for the new building has been completed, but Hernon
Manufacturing has not hired a contractor for the project yet. The firm
likely will seek bids next summer and start construction about a month
after selecting a contractor. It will seek financing for the project and wants to land government-backed financing such as industrial development bonds.
Hernon Manufacturing will spend another $200,000 to $500,000 on
equipment for the new building and the project will enable the company
to nearly triple its production capacity.
Its industrial solvents and adhesives are used by defense
contractors, automotive companies and electronic companies. Major
clients include Lockheed Martin Corp., United Launch Alliance LLC,
Winchester Repeating Arms, Remington Arms Co. LLC, Bose Corp., Ford
Motor Co. and Deere & Co.
The company has expanded its presence in South Korea, Mexico and
China, resulting in a 20 percent increase in revenue in 2010 and a
forecasted 40 percent increase this year, but it wants to boost its
overseas markets even more through sales of its products to India, the
Middle East and South Africa.
Hernon Manufacturing Inc.
Top executive: Harry Arnon, CEO.
Description: Makes industrial solvents and adhesives.
Headquarters: 121 Tech Drive, Sanford.
Contact: (407) 322-4000; www.hernonmfg.com.