Arkansas valve manufacturing plant to expand
Nibco’s million dollar investment plan expands production and protects jobs of 250+ employees.
Blytheville Courier News
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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In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.