American Railcar Plans Major Expansion in Paragould - KAIT Jonesboro, AR - Region 8 News, weather, sports

Paragould, AR

American Railcar Plans Major Expansion in Paragould

APRIL 29, 2004 - Posted at 1:55 p.m. CDT

 

PARAGOULD, AR - American Railcar Industries announced, this afternoon,  plans for an expansion of its railcar manufacturing plant in Paragould, with plans to hire up to 270 new employees within the next year.

Officials from ARI, Paragould, Greene County and the Arkansas Department of Economic Development joined in a groundbreaking ceremony today at the ARI site on Jones Road.  The expansion will be a third production line in a stand-alone, 105-thousand square-foot production facility.  The projected total investment will be approximately $9 million for building and equipment.  Estimated completion of this project is December 2004.  As a result of increased production in the current facilities and expansion, the company will increase employment in Greene County to approximately 1,100 employees.

ARI has railcar manufacturing plants in Paragould and Marmaduke, with railcar subassembly manufacturing in Kennett, Missouri. 

 

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