Southwire Expands Florence, Alabama, Manufacturing Center
The investment will include more operating space and new equipment, increasing production capacity by 30%. Construction is scheduled for completion in 2025.
“At Southwire, we’re making a multi-year investment of more than a billion dollars to integrate newer and better equipment, systems and technology into our operations to increase efficiency, enhance competitiveness and ensure the operational capability and capacity to support our strategic growth,” said Rich Stinson, Southwire’s president and CEO. “The Florence expansion is a testament to those efforts.”
Southwire is one of the world’s leading developers, manufacturers and suppliers of building wire and utility cable, as well as the tools used in their installation.
“Southwire’s investment project will create good-paying jobs in Florence while also enhancing the facility’s competitiveness and solidifying its future in the community,” noted Greg Canfield, Secretary of the Alabama Department of Commerce. “Southwire is a world-class company and a great corporate partner at the state and local level. We’re thrilled to see them grow and thrive in the Shoals area.”
“Existing industries are the lifeblood of economic development,” said Kevin Jackson, Shoals Economic Development Authority added. “Their growth and expansions are a testament to the communities and employees they support. It’s always a great day when we can assist a gold-standard company, such as Southwire, with this expansion in Florence and Lauderdale County. This project will create a lasting positive impact on the entire Shoals region.”
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