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
Germany-Based ZEISS Expands Chesterfield, Missouri, Research-Production Operations
10/04/2024
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
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