Tyco, a fire suppression technology firm that produces fire protection, detection and mechanical building solutions, will invest $3.15 in new equipment at its Lubbock, Texas
, manufacturing plant. During the next five years, the firm plans to create 81 jobs in the region.
“To meet a steady increase in demand, Tyco is ramping up production of fire sprinklers with plans to produce new products at our Lubbock location,” Lionel Buenaventura, director of operations, said. “We appreciate the partnership with LEDA that has provided the support needed for Tyco to maintain its competitive edge.”
The Lubbock Economic Development Alliance said in addition to Tyco’s growth plans, Shearer’s Foods will make $2.6 million investment to expand its facility and add 14 new jobs over the next five years.
“LEDA has been an outstanding partner as we ramp up our business, and they have been proactive and helpful while responding to our needs,” Jay Shestokes, plant Manager for Shearer’s Foods, Inc., said. “This expansion continues to solidify our business in the local community, and we will continue to invest in our Lubbock location.”
In total, these companies will invest more than $5.75 million in new capital improvements and create 95 jobs, the Lubbock Economic Development Alliance
“On behalf of the board and staff at LEDA and Market Lubbock, we would like to congratulate Shearer’s Foods, Inc. and Tyco on the expansion and continued success of their businesses,” John Osborne, CEO of LEDA and Market Lubbock, said.
“The jobs created will have a tremendous impact on the local economy.”