Posts Tagged ‘capital investment’

Manufacturer unveils $11M expansion; adding jobs

NATCHEZ — Enerfab is expanding operations at its Natchez location, which is known as Enersteel, to accommodate an increase in tank head production, according to the Mississippi Development Authority (MDA). The project represents a corporate investment of more than $11 million and will create 20 new jobs, bringing the total number employed at the facility […] [...]

Stone wool plant coming to park; to employ 150 workers

MARSHALL COUNTY — Rockwool International officials and State of Mississippi economic development leadership have broken ground on the company’s first manufacturing facility in the United States. Rockwool is the parent company of Roxul, a manufacturer of stone wool insulation products in North America. The plant, located approximately 30 miles south of Memphis, was announced last […] [...]

Company to expand pipe plant; investment could reach $50M

HERNANDO — A German pipe maker is expanding in North Mississippi, announcing it will spend $30 million to $50 million on a pipe finishing facility in Hernando and create 70 new jobs. Schulz Xtruded Products is the Mississippi division of Wilh. Schulz GMBH, based in Krefeld, Germany. SXP has a plant in Tunica County that […] [...]

Telecom spends $975M in state over last two years

ACROSS MISSISSIPPI — AT&T invested nearly $975 million in its Mississippi wireless and wireline networks from 2010 through 2012, with a focus on expanding 4G LTE mobile Internet coverage and enhancing the overall performance of its networks, according to a release from the telecommunications company. AT&T has made more than 145 wireless network upgrades in […] [...]

Severstal making large investment in steel mills

COLUMBUS — Severstal will invest $1.3 billion in its steel and mining operations worldwide with $43 million set aside for its rolled steel mill in Columbus. The company says in a news release that while it will spend most of its investments in 2013 on its Russian operations, $107 million will be invested in the […] [...]

Company expanding shipbuilding, repair operations

PASCAGOULA — Signet Maritime Corporate has announced plans for a $3.6-million expansion of its shipbuilding and repair operations at the Port of Pascagoula, creating 50 additional jobs. The company said the 50 spots have already been filled, and those new employees will assist the construction of a new tractor tugboat, Signet Magic, which is a […] [...]

Duff brothers buy T.L. Wallace; make ‘significant equity infusion’

COLUMBIA — Entrepreneurs Jim and Tom Duff have acquired T. L. Wallace Construction Inc. for an undisclosed amount. The Duff brothers own several other businesses including Southern Tire Mart, LLC, KLLM Transport Services, LLC, Forest Products Transports, LLC, Pine Belt Ford, LLC, as well as others with combined revenues exceeding $1.3 billion. As part of […] [...]

Saf-T-Cart expanding operations for second time in five years

CLARKSDALE — Saf-T-Cart, manufacturer of steel welding carts and storage products for various commercial and industrial applications, is expanding its operations in Clarksdale in order to accommodate an increase in production, according to the Mississippi Development Authority (MDA). The project represents a company investment of $240,000 and will create 20 new jobs. The company currently […] [...]

SemiSouth making $18M investment in new equipment; could double employment

STARKVILLE — SemiSouth Laboratories plans to spend $18 million to buy new equipment for its Starkville facility, a move that could double employment there over the next 18 months. Privately-held SemiSouth makes silicon carbide semiconductors for solar panels, wind turbines, electric cars and other devices that need to transmit power without leaking any electricity along […] [...]

Milwaukee Electric Tool building new distribution facility

OLIVE BRANCH — Milwaukee Electric Tool, manufacturer of portable electric power tools and accessories, is expanding its presence in north Mississippi by constructing a new, larger distribution center in Olive Branch. The project represents a company investment of $8 million and will create 25 new jobs, according to the Mississippi Development Authority (MDA). “The new […] [...]

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