State attracts 10 new industries.
TEN NEW INDUSTRIES for Arkansas were announced during the June-August quarter, highlighted by the $4 million being invested by De Wafelbakkers Inc. in North Little Rock.
In all, the 10 start-ups account for $10,190,000 in capital investment, according to the Arkansas Industrial Development Commission.
The biggest news in investment, though, was in expansions of Arkansas firms. The June-August period saw 19 businesses announce expansions totaling more than $114 million.
July was the heaviest month for business expansions, with eight accounting for $71.5 million.
In July, Nucor Steel announced a $33.7 million expansion of its Hickman (Mississippi County) plant.
The new industries and expansions, according to the AIDC, are expected to add 853 jobs. That includes 387 from the new businesses.
De Wafelbakkers Inc., which will produce European-style waffles from the North Little Rock plant, is expected to employ 150.
Today's Kids, a Booneville toy manufacturer, is investing $8 million in an expansion that will add 100 jobs. Molex Inc., a Maumelle firm that makes wire connectors, is undergoing a $5 million expansion that will also lead to 100 more jobs.
Mississippi County has another big expansion besides Nucor. Blytheville's Agriculture Minerals, which produces anhydrous ammonia, urea, nitric acid and other solutions, is undergoing a $26 million expansion.
Crossett's Georgia-Pacific Corp. plant had the third-largest expansion announcement with a planned $17.7 million job in the works.
For the year, Arkansas has attracted 27 new industries accounting for 1,590 jobs at an investment of $65,203,000. Also in 1993, 47 plant expansions have been announced, with 958 jobs created at an investment of $411,263,748.
The following is a list of announced start-ups and expansions for June, July and August. Each entry is listed by company name, location, whether new or expanding, jobs created, investment and company product:
CSI Industries: Hope; new; 10; investment not available; fertilizer, chicken manure base.
Klipsch & Associates Inc.: Hot Springs; new; 70; $400,000; veneered wood for audio speaker cases.
Bama Corp.: Jonesboro; expansion; 3; $305,000; customized material handling equipment.
Car Mar Freezers Inc.: Springdale; expansion; 35; $6,000,000; poultry freezing and distribution warehousing.
Diversified Packaging: Jonesboro; expansion; 12; investment not available; foam and cardboard packaging materials.
Molex Inc.: Maumelle; expansion; 100; $5,000,000; wire connectors.
Potlatch Corp.: Arkansas City; expansion; 0; $5,624,000; pulp and paperboard.
Stalnaker-Elliot Inc.: Magnolia; expansion; 8; $426,000; aluminum screen frames.
Today's Kids: Booneville; expansion; 100; $8,000,000; plastic toys, furniture for infants, strollers, tricycles.
New Manufacturers: 2; Jobs: 80; Investment: $400,000.
Expansions: 7; Jobs: 258; Investment: $25,355,000.
Arkansas Plastics Recyclers Inc.: Stuttgart; new; 29; $3,100,000; plastic trash bags and tubing.
Cooper Manufacturing: Searcy; new; 2; $300,000; metal stamping.
De Wafelbakkers Inc.: North Little Rock; new; 150; $4,000,000; European-style waffles.
Plectron: Imboden; new; 16; $200,000; warning systems and switching units for airlines.
Scott Manufacturing: Stuttgart; new; 3; $500,000; fiberglass insulation;
Tri-Temp Distribution: Van Buren; new; 65; $2,000,000; distribution and warehousing.
Agricultural Minerals: Blytheville; expansion; 8; $25,918,700; anhydrous ammonia, urea, nitric acid, uan solution.
Baldor Electric Co.: Clarksville; expansion; 20; $2,000,000; gear motors.
Hitech Inc.: East Camden; expansion; 50; $8,000,000; gas generating pellets for air bags.
Northeast Arkansas Tooling Co.: Rector; expansion; 5; investment not available; tool and die components.
Nucor Steel: Hickman, expansion; investment not available; $33,650,000; hot band steel coils.
Polyvend Inc.: Conway; expansion; 45; na; vending machines, aluminum license plates, metal stampings.
T&S Sawmill Co.: Clarendon; expansion; 10; $750,000; hardwood lumber.
Wycot Corp.: Hot Springs; expansion; 30; $1,175,000; custom plastic molded products.
New Manufacturers: 6; Jobs: 265; Investment: $9,700,000.
Expansions: 8; Jobs: 168; Investment: $71,493,700.
Gunderson Inc.: Pine Bluff; new; 7; na; railroad wheels.
S-B Power Tool Co.: Walnut Ridge; new; 35; $90,000; refurbished power tool.
Georgia-Pacific Corp.: Crossett; expansion; 0; $17,700,000; communications paper, tissue, bleached paper board.
High Capacity Products: El Dorado; expansion; 10; investment not available; electrical meter sockets.
Hills Valley Foods Inc.: Batesville; expansion; 20; investment not available; picante sauce, barbecue sauce, salad dressing, cheeses.
Petit Jean Poultry: Danville; expansion; 10; $6,000; poultry processing.
New Manufacturers: 2; Jobs: 42; Investment: $90,000.
Expansions: 4; Jobs: 40; Investment: $17,706,000.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Special Report: Industry Report; Arkansas|
|Article Type:||Industry Overview|
|Date:||Oct 4, 1993|
|Previous Article:||Communities hope they're dealt an ace.|
|Next Article:||Prescription for debt.|