November 15, 2024
Business

Trade zone expanded for manufacturer

BANGOR – City councilors on Monday night amended the boundary of Bangor’s Pine Tree Zone to include land being leased by a new manufacturing company.

The move was aimed at making Kataddin Precision Components LLC eligible for business tax incentives provided through a state development program initiated by Gov. John Baldacci two years ago.

Kataddin Precision is leasing a 3,600-square-foot building on a 5-acre lot in Target Industrial Circle, according to city documents related to the deal.

According to information provided to the city by Mark Lumino, the company’s president, the Bangor plant will make lead wires for use in lighting and electronic applications.

It also will manufacture tooling to be used for its own welding machines and for sale to Osram Sylvania’s Monterrey, Mexico, lead wire facility, for which it also will provide support services including quality inspection, consulting and machine rebuilding.

“We’re really excited for him, and we hope this works well,” Bill Osborne, regional business development specialist for the Maine Department of Economic and Community Development, said Tuesday.

In addition to the DECD, Lumino worked with the Maine Small Business Development Center housed at Eastern Maine Development Corp. to get his fledgling business off the ground.

According to Osborne, Lumino was a supervisor at the former Osram Sylvania plant in Bangor for more than 20 years.

The Bangor plant, which had 97 jobs, was closed this summer. The operation was moved to an Osram Sylvania factory in Mexico.

In September, Osram Sylvania let go most of the 134 workers at its Waldoboro plant. Only 25 employees remain there manufacturing lighting parts. It is unknown when that plant will completely shut down.

Asked about his company’s name – which is not a misspelling of the famed Maine mountain – Lumino said Kataddin was an amalgamation of his children’s names.

Osborne said Tuesday that the steering committee for the Penobscot Valley Pine Tree Zone, which Bangor belongs to, will complete the certification process for Kataddin Precision in the near future.

BDN reporter Leanne Robicheau contributed to this story.


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