Furniture Company's Contract with IKEA Will Mean 100 New Jobs for Oregonians
Mastercraft Furniture in Wilsonville will grow from 25 employees to more than 150 thanks to a contract with IKEA that will return jobs to the U.S. from Asia.
A Tualatin heavy construction equipment maker decided in late 2012 to return subcontracted work to Oregon from Asia creating 14 new jobs. A forgivable loan from the Governor's Strategic Reserve Fund (SRF) helped the company secure its new Sheridan facility accommodating the move back to Oregon.
Tualatin's Construction Equipment Company (CEC) decided to move manufacturing previously done by subcontractors overseas in Taiwan and in Kelso, Washington, to the new site in Sheridan. The rock crushing and screen equipment manufacturer has operated out of Tualatin for nearly 30 years and supplies equipment to customers in more than 30 countries around the globe. The company manufactures the largest self-contained screen machine in the world as well as products for the aggregate, recycling, compost and wood waste industries.
The company made improvements to a 24,000-square-foot facility located on eight acres in Sheridan starting in the fall of 2012. By February 2013, the company was up and running at the site and had hired 14 new employees, according to CEO Gary Smith. The company also retained 42 existing, full-time jobs. An $82,000 forgivable SRF loan helped finance the facility acquisition and improvements.
"It has allowed our company to onshore part of our manufacturing process and expand our manufacturing process locally," Smith told a state legislative committee in March 2013. "Their assistance and their (workforce) training has been essential to this process for us."
Oregon's energy costs are among the lowest industrial rates in the U.S. averaging fewer than 5 cents per kilowatt hour in some areas. This is about half of the industrial rates in California.