Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
The investment will include the purchase of new equipment which will be used for supporting the electrical grid and telecommunications industries. The expansion is scheduled for completion in 2025.
“Bekaert is thankful for the recognition and support of the AEDC, and many other leaders, to invest in the Van Buren community,” said Bryan Sullivan, vice president of steel wire solutions for Bekaert. “With this investment the community will see additional jobs, enhanced training and an advancement of manufacturing capabilities. Bekaert is proud to support not just the local community but our national community as well. The investment will be used to reenforce the backbone of the electrical grid, enhance access to renewable energy and bridge the digital divide in the US today. Thank you to the AEDC and all the Arkansas leaders who have made this possible.”
Bekaert’s ambition is to be the leading partner for shaping the way we live and move, and to always do this in a way that is safe, smart, and sustainable. As a global market and technology leader in material science of steel wire transformation and coating technologies, Bekaert also applies its expertise beyond steel to create new solutions with innovative materials and services for markets including new mobility, low-carbon construction, and green energy.
“Bekaert sets the bar high for the steel wire industry, and we are excited that they continue to expand in Arkansas,” noted Clint O’Neal, executive director of the Arkansas Economic Development Commission. “Van Buren is a great Arkansas community with a supportive business climate; congratulations to the local leadership on this economic development milestone.”
“Bekaert's expansion in Van Buren marks a significant milestone for our community and reflects their ongoing commitment to invest in our region's growth,” added Julie Murray, president and CEO of the Van Buren Chamber of Commerce. “This investment not only brings numerous new jobs but also reaffirms Van Buren’s commitment to fostering a business-friendly environment that supports growth, innovation, and prosperity. We are so grateful for Bekaert's continued partnership and investment in our community. We look forward to the positive impact it will have on our regional economy."
Project Announcements
Piramal Pharma Solutions Expands Lexington, Kentucky, Operations
10/04/2024
G&H Decoys Plans Corning, Arkansas, Headquarters-Manufacturing Operations
10/04/2024
Britain-Based Ultimate Defense Technologies Establishes Billings, Montana, Operations
10/04/2024
Google Plans Dorchester County, South Carolina, Data Center Operations
10/04/2024
Sirius Analysis Plans Virginia Beach, Virginia, Headquarters
10/04/2024
South Korea-Based ILJIN Plans Auburn, Alabama, Manufacturing Operations
10/04/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024