Rocknel Fastener Eyes $2.1 Million Addition in Southeast Rockford

Rocknel was formed in 1989 as a joint venture between Elco Industries Inc. and Nagoya Screw Manufacturing Co. Ltd. Elco wanted to do business with Japanese firms, which in the late 1980s were setting up car factories here. Nagoya helped it break into the market. Since 1998, Rocknel has been a wholly-owned subsidiary of Meira, Inc., a Japanese company that focuses on automotive and aerospace fasteners.

 

Ed Vaughn, director of operations at Rocknel Fastener, said the company employs 188 people and will add at least 10 employees as part of the addition. Vaughn said the company wants to begin construction by the end of March.

 

Vaughn said that while building construction will cost $2.1 million, the company's total investment will be $7.7 million. Rocknel will use some of the extra space for a new metal plating line, which will require new equipment. Rocknel says it is planning to expand again within five years.

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