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China-based Hefei Risever Machinery Plans Plant in Jonesboro, Arkansas

10/26/2017
China-based machine parts manufacturer for heavy equipment Hefei Risever Machinery Co. is going to build its first U.S. manufacturing plant at the Craighead Technology Park on East Highland Drive in Jonesboro, Arkansas.

The Craighead Technology Park is located just 1.5 miles from I-555 and is less than one hour from Memphis, Tennessee. With a total of 1,500 acres, the park is rail-served and has several shovel-ready properties.

Risever produces machine parts for heavy equipment for manufacturers like Caterpillar, Volvo, and Komatsu. The new Jonesboro facility will employ 130 people when fully operational. In the next five years, Risever plans to invest $20 million to create 130 new jobs in Jonesboro. The facility will target an annual production capacity of 18,000 tons of steel.

According to Jonesboro Unlimited , Risever’s move to Jonesboro began in 2016 with an initiative called “Made in the USA”. The company spent more than a year investigating possible sites, beginning with 70 cities in five states before choosing Jonesboro.

“Arkansas is garnering international attention as a great place to do business. Our economic development trips to China and AEDC’s presence in China are paying dividends. Risever is the latest example of several Chinese companies that have selected Arkansas because of these relationships as well as our skilled workforce and cost of doing business. I wish them much success as they join Jonesboro’s thriving business community,” said Governor Asa Hutchinson, State of Arkansas.

“Jonesboro is a perfect fit for Risever. Their addition to Jonesboro will add 130 high-paying jobs to our local economy. Risever began their search with 70 cities on their list. In the end, our infrastructure, low utility rates and ability to move goods from Jonesboro to other markets around the country made Jonesboro the right place for Risever to begin their U.S manufacturing operation. We couldn’t be more pleased,” Mark Young, President, Jonesboro Unlimited said.

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