Koppers, a world supplier of handled wooden merchandise, introduced Tuesday (Aug. 25) that it plans to take a position a minimal of $23 million and enhance the variety of staff at its North Little Rock facility over the subsequent two years.
The funding might be used for brand new development and to buy gear that can permit Koppers to improve and modernize the corporate’s processes and additional enhance its environmental footprint.
Koppers employs 80 in North Little Rock. It didn’t disclose the quantity of recent jobs it will add.
“When Koppers had the chance to take a position sooner or later, we selected the devoted workforce and distinctive neighborhood of North Little Rock,” stated Chris Martin, plant supervisor of Koppers North Little Rock. “It is a place the place individuals work onerous, and we help one another.”
Koppers makes quite a lot of handled wooden merchandise, wooden therapy chemical compounds, and carbon compounds. Its merchandise are used within the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, metal, rubber, and development industries.
“I’m very happy by Koppers’ choice to develop its enterprise in Arkansas,” Gov. Asa Hutchinson stated. “The North Little Rock facility has been an institution for greater than a century, and we’re grateful that the corporate has chosen to proceed this legacy by investing hundreds of thousands into the positioning. I’m assured that the corporate’s entrepreneurship, mixed with our pro-business surroundings, will contribute to the continued success of Koppers in Arkansas.”
Koppers, headquartered in Pittsburgh, has been in central Arkansas for greater than 30 years. The North Little Rock facility, inbuilt 1907, sits on 157 acres and at present employs roughly 80 individuals. It employs greater than 2,100 worldwide.
The plant processes and treats greater than 1.5 million wood railroad crossties every year. The plant additionally produces change ties, street crossings, and framed bridge timbers.
Koppers posted web revenue of $29.2 million on gross sales of $436.6 million in its most up-to-date quarter ended June 30, 2020.