SRC Logistics Expands Its Springfield, Missouri, Production Plant
05/25/2016
According to the Missouri Department of Economic Development, remanufacturing is when a company utilizes used parts to build like-new equipment that meets the original manufacturers’ specifications. SRC Logistics specializes in a type of logistics—reverse logistics—that brings used parts back from end users to remanufacturing facilities.
“SRC won this contract while competing against larger international companies because of our industry-leading core management system, RLMS, and the passion, drive and experience of our employee-owners. Springfield’s location and infrastructure also make it a natural logistical consolidation point for the continental United States,” said Vaughn Henson, SRC Logistics General Manager.
“We’re proud to bring this growth to the Springfield community and create opportunities for additional individuals to find long-term employment and to hold ownership in our company,” he added. Henson noted the Springfield Chamber of Commerce was vital to making the expansion project happen.
Springfield-based SRC Logistics currently employs about 78 employee-owners, and parent company SRC Holdings, was also founded and is currently headquartered in the Springfield area.
To assist SRC Logistics with its expansion, the Missouri Department of Economic Development has offered a strategic economic incentive package that the company can receive if it meets strict job creation and capital investment criteria.
Springfield is commonly referred to as the “reman capital” of the U.S., and SRC Holdings is the leading company in remanufacturing for the Springfield region and for the industry, state economic development officials said.
“The logistics advantages of southwest Missouri and its remanufacturing strength play off each other incredibly well, and SRC Logistics is a prime example of a company tapping into Show-Me State resources and contributing to the region’s continued success,” said Mike Downing, Director of the Missouri Department of Economic Development.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024