From staff reports
Matric Group, a Seneca-based contract manufacturer and engineering designer of electronic assemblies and industrial controls, presented its new line of equipment to visitors on Friday.
Rick Turner, president and owner of Matric, said the new line will help the local business remain a competitive player in a global industry.
The investment was made possible, in part, by a $697,000 loan from the Pennsylvania Industrial Development Authority’s revolving loan fund.
“As electronic components become smaller and more compact, we can now meet any demands the industry holds with the latest state-of-the-art equipment,” Turner said. “This investment is fundamental to our continued growth and success. With the capacity to place over 70,000 parts an hour, we hope to reach new levels of efficiency and customer satisfaction.”
The line, which consists of 13 new machines, is capable of placing smaller parts, doing so with lightning-quick speed and enhanced precision and accuracy, Turnet said.
Friday’s presentation was attended by State Sen. Scott Hutchinson, Venango County commissioners Chip Abramovic and Vince Witherup, Oil Region Alliance board members and members of the Pennsylvania Industrial Development Authority.
“This investment is a further commitment by Matric to reinvest in our future and will benefit the state, the community and our employees in the process,” Turner said.