Arkansas valve manufacturing plant to expand
Nibco’s million dollar investment plan expands production and protects jobs of 250+ employees.
The head of a valve manufacturing and distribution company says a $14 million investment plan to expand production will add new jobs and shield existing positions at the Blytheville, Arkansas facility.
Nibco chief executive officer Rex Martin said at a news conference last week that the expansion will add a dozen jobs, allow the company to maintain 19 positions that would have been moved elsewhere and protect the jobs of 250 regular workers. The Blytheville Courier News reports that the facility is gaining an expanded manufacturing plant and the addition of a distribution center, which enables the company to manufacture and ship its products onsite without the need of additional shipping and distribution facilities.
The plant produces iron valves, which are used in the construction of buildings.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey