Fox Tank Company announces $7.9M investment in Coshocton County
Fox Tank Company, a Texas-based leading provider of steel storage tanks and pressurized separation vessels for the oil and gas industry, is proud to announce the expansion of its manufacturing operation to the state of Ohio to accommodate its rapidly growing customer base in the Appalachian Basin region.
In collaboration with JobsOhio, Ohio Southeast Economic Development (OhioSE), Ohio Department of Development and the Coshocton County Port Authority, the company announced an investment of $7.9 million to establish operations in Coshocton, Ohio, creating 89 new jobs.
“Ohio’s central location to oil and gas industry customers and its exceptional manufacturing talent gave us the strategic advantage to attract Fox Tank Company’s first Ohio investment,” said Ohio Governor Mike DeWine. “The Coshocton community and existing infrastructure were an ideal match for Fox Tank.”
A family-owned business, Fox Tank Company is a leading manufacturer of steel storage tanks and equipment for the oil and gas industry, specializing in API-grade tanks for upstream and midstream operations. The company was founded in 1979 in Kerrville, Texas.
“With one of the largest manufacturing workforces in the nation, Ohio stands ready to quickly support Fox Tank Company’s first facility in the state, which will be within the Marcellus and Utica Shale regions,” said JobsOhio President and CEO J.P. Nauseef. “Eastern Ohio’s proven talent will help Fox Tank continue its 50-year tradition of serving the oil and gas industry with quality products.”
Known for its quality craftsmanship and quick turnaround times, Fox Tank serves clients across the U.S. and has a reputation for reliability, safety and customer service.
“The expansion comes in response to the increasing demand for Fox Tank’s equipment from customers producing oil and natural gas from the Marcellus and Utica shale formations covering Pennsylvania, West Virginia and Eastern Ohio,” said R. Nathan Fox, CEO of Fox Tank Company. “This strategic move will create many new jobs in Coshocton and the surrounding area and further solidify Fox Tank Company’s position as a key economic driver in the region. The expansion also allows FTC to better serve our customers, both established and new, with faster delivery times, lower freight rates and enhanced support.”
With this investment, Fox Tank plans to lease a facility in Coshocton and capitalize on its strategic location in the growing Marcellus and Utica Shale region where it can serve customers in the upstream and midstream sectors of the oil and gas industry.
“Fox Tank locating in Coshocton is a significant win for the region,” said Matt Abbott, OhioSE President and CEO. “Their confidence in our region’s skilled workforce underscores the advantage of doing business in Southeast Ohio. This investment aligns with the growth we’re seeing in Southeast Ohio’s energy industries and will contribute to the long-term success of Fox Tank’s operations in Coshocton.”
The project was supported by a $450,000 JobsOhio Grant and a Job Creation Tax Credit from the Ohio Tax Credit Authority.
“We are thrilled to welcome Fox Tank Company to Coshocton County and proud to have played a role in supporting this transformative investment,” said Tiffany Swigert, Executive Director of the Coshocton Port Authority. “This $7.9 million commitment and the creation of 89 new jobs mark a major milestone for our community. Fox Tank’s decision to grow here is a testament to the strength of our workforce, the potential of our industrial assets, and the collaboration among our local, regional and state partners. We look forward to a long and successful partnership.”
Fox Tank Company is a Texas-based leading provider of steel storage tanks and pressurized separation vessels for the oil and gas industry. Known for its quality craftsmanship and quick turnaround times, Fox Tank serves clients across the U.S. and has a reputation for reliability, safety and customer service.
Coshocton County Port Authority (CPA) is a city and county public agency created by political subdivisions under Ohio Revised Code Section 4582 to support efforts that lead to job creation and retention in Coshocton County. The CPA’s focus includes supporting and advocating local, state, and federal public policies that positively impact economic growth. The scope of its services includes efforts that have a positive effect on job creation and retention, workforce development, education, transportation and health care for the residents of Coshocton County.
Ohio Southeast Economic Development (OhioSE) is the JobsOhio Network Partner for southern, eastern, and southeastern Ohio, providing economic development work and resources in 25 rural counties. Geographically the largest of the seven regions across the state, OhioSE partners closely with regional development districts, local economic development offices, state agencies and other entities to expand, retain and attract businesses in the counties they serve. Learn more at OhioSE.com.
JobsOhio, Ohio's private nonprofit economic development corporation, enhances company growth and personnel development through business attraction, retention and expansion across ten competitive industry sectors. With a team of seasoned professionals, JobsOhio utilizes a comprehensive network to foster talent production in targeted industries and attract talent through Find Your Ohio. Collaborating with seven regional partners, including Dayton Development Coalition, Lake to River Economic Development, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership, and Team NEO, JobsOhio delivers world-class customer service to provide companies with a competitive advantage. Learn more at www.jobsohio.com. Follow JobsOhio on LinkedIn, Twitter and Facebook.