Micro Plastics, the largest manufacturer of threaded nylon fasteners in the world, will invest $2.4 million to locate a manufacturing facility in Melbourne, Arkansas. The company plans to create 79 jobs over five years.
“This year is the 40th anniversary of our move to Arkansas,” said Tom Hill, President of Micro Plastics, Inc. “In that time we’ve grown from 15 employees to nearly 400 at our plant in Flippin. We are plotting our future for continued success and growth and we are looking forward to the Melbourne plant and community being a major part of that."
Production at the Melbourne plant is scheduled to begin in the first quarter of 2016. The company currently has a headquarters and manufacturing facility in Flippin, Arkansas, employing 387 people. The Flippin facility houses 93 plastic injection molding machines which produce plastic components for industry and retail, including nylon hardware such as screws and nuts, electronic components, and cable ties.
“For almost half a century, Micro Plastics has been a leader in the plastics sector,” said Governor Asa Hutchinson. “When the company moved their headquarters from Illinois to Arkansas, they were looking for a location and workforce that would foster continued success. They found that here. Today we celebrate Micro Plastics and thank them for their ongoing commitment to doing business in Arkansas.”
“Obviously, we are extremely excited about Micro Plastic’s future presence in our community,” said Matt Rush, President of the Melbourne Industrial Development Corporation. “This area’s talented employee base will be a great fit for Micro’s employment needs.”