MARCH 4, 2004 - Posted at 1:34 p.m. CDT
NEWPORT, AR - Machining & Tool Builder (MATB LLC) has opened a new machine shop in Newport that will hire 40 employees within three years. The company is located in the former American Lantern building on Highway 67.
MATB will perform tooling and secondary processing for forged and cast products and cast products from customers throughout northeast Arkansas. The company is locating in Newport because of the proximity to customers, including Southwest Steel Processing, which began production in January 2003.