Marlin Steel Wire has announced plans to expand its manufacturing floor space in Baltimore, Md., after its best first quarter in history, four years of record profits and steady revenue increases, and a surge in export demand for custom wire baskets, wire forms and sheet metal fabrications like housings and consoles.
Marlin Wire has brought on adjacent manufacturing space to maximize efficiencies and permit manageable growth. Marlin Steel’s absorption of additional space will allow it to plan for the $5 million of new robots to be purchased over the next decade.
Marlin Steel’s lease extends through 2017 with an option until 2022. In addition, Marlin Steel Wire has the right of first refusal on 100,000 square feet of adjacent space.
“We feel a commitment to Baltimore, with its excellent port, BWI Airport, road and transit system, and talented local professionals so there was never a thought of leaving the area. This infrastructure, combined with the local vendors and financial services,