Choosing Arkansas - Recent AEDC Annoucements

June 30, 2007:

Welspun Gujarat Stahl Rohren Ltd. announces it will build a factory on a 740-acre site adjacent to the Little Rock Port Authority. The $100 million facility will employ 300 once completed.

A company spokesman said Welspun has hired about 50 employees for the Little Rock facility thus far and expects the company's annual payroll to total about $14 million once construction is completed this November.

Welspun Gujarat is part of Welspun Group, which has 18,000 employees in 50 countries. The company's headquarters are in Mumbai, India.


July 18, 2007:

LM Glasfiber of Denmark announces that it will build a new factory and North American headquarters in Little Rock. The company says it will invest about $150 million to build the facilities at the Little Rock Port Authority.

The plant began production in early 2008 and will employ more than 1,000 by 2013. LM Glasfiber makes blades for wind turbines and employs about 4,200 in eight countries.

March 14, 2008:

Man Industries of India announces it will invest $100 million to build a pipe-manufacturing facility on a 162-acre site near the Little Rock Port. Once complete, the facility will employ about 250. The facility will also serve as Man Industries' North American headquarters.

Production at the site is scheduled to begin by early 2009.


Recent Conway Annoucements

Dec. 20, 2005:

Schlumberger of Houston announces it will build its regional office in Conway, promising to employ 100.

The oilfield-services company will open a 16,000-SF office and shop and a 15,000-SF shop and warehouse. The company is active in the Fayetteville Shale Play.


June 15, 2007:

Frac Tech Services LTD of Aledo, Texas, announces it will build a facility in Conway that will employ 60 with an average annual salary of $50,000.

The company is involved in oil well stimulation services and is active in the Fayetteville Shale Play.