Fox Tank Company has announced plans to open a new manufacturing facility in Coshocton, Ohio. The company, which produces steel storage tanks and ASME-certified pressure vessels for the oil and gas industry, is investing nearly $8 million in the project to support 89 new full-time-equivalent jobs.
The new facility will allow Fox Tank to relocate its manufacturing operations closer to the region’s shale resources, enhancing operational efficiency and expanding its capabilities. The company is acquiring equipment and assets from a recently closed company as part of the move. The Ohio Tax Credit Authority approved a 1.48 percent, eight-year Job Creation Tax Credit for the project. The credit is performance-based, with actual values determined by the number of jobs created and new payroll generated, subject to state verification.
Manufacturers investing in Ohio
Mars invests $450M to open pet food manufacturing facility in Ohio
The new Royal Canin facility will produce enough dry pet food to feed 4 million cats and dogs annually.
United Alloy invests $48M to expand data center component manufacturing facility in Ohio
The expansion adds 350,000 square feet of space and will bring more than 400 total jobs to the Union area.
Amgen invests $900M to expand biologic medicines manufacturing facility in Ohio
This expansion brings Amgen’s total investment in Central Ohio to over $1.4 billion.
Investing in American manufacturing in 2025
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.