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Local News

April 23, 2014

Local manufacturer Ioxus to expand to second production site

Ioxus, a manufacturer in Oneonta, will expand to a second production site locally and hire 30 workers, said officials Tuesday.

Ioxus Inc., which produces ultracapacitors at a plant off of Browne Street in the town of Oneonta, has been converting a 22,000 square-foot building in Pony Farm Industrial Park in Oneonta, officials said.

The manufacturer last week announced that its ultracapacitors would be used in a project to help the Long Island Rail Road cut energy consumption. And earlier this month, Ioxus reported completion of a equity initiative.

The Pony Farm site, at 152 Corporate Drive, is off of Interstate 88, exit 13, and is a mile from the existing plant, which was the former National Soccer Hall of Fame.

A date for the plant opening and details about types of jobs and hiring weren’t available Tuesday, said an Ioxus spokesman, who reported the manufacturer has about 100 employees.

Ioxus produces ultracapacitor technology for use in transportation, industrial and energy applications. In recent years, Ioxus has reported securing millions of dollars in investments to develop its products, expand sales and hire employees.

Oneonta town Supervisor Robert Wood said Ioxus has been busy at its current plant and the expansion was welcome news.

“We’re pleased to see them continue to grow,” Wood said.

NEW USE FOR A VACANT BUILDING

Tasi Karabinis, vice president of Karabinis Development that owns the building at 152 Corporate Drive in Oneonta, said he “couldn’t be happier” to have Ioxus as an occupant. Ioxus is a good company with good jobs and good people, he said.

Previously, the building had been used by Covidien, a health care corporation, for storage, Karabinis said, and it had been vacant for about a year.

The building, which is in a commercial/industrial zone, is two-thirds in the city and one-third in the town, according to the Oneonta Code Enforcement Office, which approved a building permit for improvements including partition walls.

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