Southwire Expands Florence, Alabama, Manufacturing Center
06/12/2023
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.”
Project Announcements
BlueHalo Establishes Germantown, Maryland, Production Operations
05/16/2024
Daimler Truck North America Expands Portland, Oregon, Operations
05/16/2024
Oxford Industries Expands Lyons, Georgia, Distributions Operations
05/16/2024
Southern Wall Products Plans Anderson, South Carolina, Manufacturing Operations
05/16/2024
Polar Semiconductor Expands Bloomington, Minnesota, Manufacturing Operations
05/16/2024
Keepbrite Refrigeration Expands Kilgore, Texas, Operations
05/16/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024