story from Talk Business, a TCW content partner
Remington Arms Co. broke ground on a $32 million expansion in Lonoke that should employ around 60 new workers.
The expansion will include construction of a new building and is expected to be in operation by the second quarter of 2014. The project will allow Remington to produce more ammunition to meet consumer demand, which the firm says is at a high.
Madison, N.C.-based Remington, the oldest gun maker in the U.S., has been in Lonoke sine 1969.
“As we strive to create new relationships with new partners, we must never forget the ones we already have,” said Gov. Mike Beebe in reference to helping an existing manufacturer. “It is so much easier to expand existing business than it is to create new ones.”
“As an avid hunter and gun owner, I’m particularly excited to help announce this expansion,” said Sen. Mark Pryor, who attended the groundbreaking event. “Remington has been an economic engine in our state for years, and this will allow them to bring even more jobs and development to central Arkansas.”
Remington unveiled its plans to expand its Lonoke plant earlier this year.