A Massachusetts technology company announced Monday that it plans to expand into Maine and create 50 jobs, and that the total could eventually grow to 300.

OnProcess Technology, which provides supply chain management services, has signed a five-year lease on 35,000 square feet of space at a former MBNA facility in Belfast. The technology company is based in Ashland, Massachusetts, and the Belfast facility will be its first in Maine.

The new space has capacity for more than 300 employees, but the company would not give a timeline for growth, saying in an email that it will “hire more as business needs grow.” It plans to hire 50 full- and part-time employees over the next two months and will hold a job fair Wednesday and Thursday at The Hutchinson Center in Belfast, part of the University of Maine.

Ed Barry, the company’s CEO, said Belfast is an “ideal location” for expansion. “Not only were we attracted by Belfast’s vibrant business community and highly skilled workforce, its proximity to major universities, several of which have supply chain curricula, also make(s) the area great for recruiting employees,” Barry said in a written statement.

OnProcess provides technology services to improve supply chain management for its clients, which are in the wireless, broadband, technology and medical industries. It is a global company with facilities in India and Bulgaria. In 2014, the company doubled its global workforce to more than 2,200 people.

Gov. Paul LePage welcomed the company to Maine.

“This company has experienced significant growth within the last year and could have chosen anywhere in the world for an expansion,” LePage said in a prepared statement. “Its decision to start an operation in Maine is a testament to our ongoing commitment to become better partners with the private sector in attracting new investment and career opportunities for the Maine people.”

OnProcess gave credit to Maine & Co., a nonprofit organization that provides free consulting services to companies looking to move to or expand in Maine. Peter DelGreco, CEO of Maine & Co., said he has worked with the company and state and local officials over the past year to make this happen.

“We are excited for OnProcess Technology’s growth plans and the work environment they will create,” DelGreco said. “This is a fast-growing, energetic company that we are thrilled to welcome to Maine’s business community.”