Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Luxembourg-Based Faymonville Group Plans Little Rock, Arkansas, Manufacturing Operations

11/15/2024
Luxembourg-based Faymonville Group, a trailer and heavy transport equipment manufacturer, plans to establish operations in Little Rock, Arkansas. The more than $100 million project is expected to create 500 jobs.

The new manufacturing facility will be located on a 54-acre site at the Port of Little Rock.

“We don't just supply special vehicles, we provide comprehensive transport solutions,” said Paul Hönen, representative for the US market. "We proudly delivered our first vehicle to the U.S. in 2016. What we particularly value about the U.S. market is its enormous potential, its practical, solution-driven mindset, and the much simpler administration compared to Europe."

Faymonville Group is a manufacturer of semi-trailers, lowbeds, flatbeds, inloaders and modular vehicles suitable for heavy load and special transport. The company currently operates facilities in Belgium, Luxembourg, Poland, and Italy, producing approximately 3,000 units annually.

“Companies across the world are learning that Arkansas has the elements needed for business success. Faymonville Group is one of those companies – and we are proud that they have selected Little Rock as the location for their first U.S. manufacturing facility,” noted Clint O’Neal, executive director of the Arkansas Economic Development Commission (AEDC). “This economic development project is a win for Faymonville Group, for Little Rock, and for Arkansas – but most importantly, it’s a win for the 500 people who will be able to work for this industry-leading company, providing them with new economic opportunities.”

“Faymonville selecting Little Rock validates the community’s vision to expand the Port of Little Rock so we can attract industry-leading companies and significant investment opportunities,” added Jay Chesshir, President and CEO of the Little Rock Regional Chamber. “Today’s announcement means 500 people, and their families, will have the opportunity to have a better life in Little Rock. This deal came together quickly, and the company looked at multiple locations for this investment. The ability of the Chamber’s economic development team to move at the speed of business secured this win for Little Rock.”

Exclusive Research