Posted 5/21/2014 02:50 pm
Updated 2 months ago
Alliance Rubber Co. of Hot Springs said Wednesday that it will invest $600,000 to expand its headquarters and hire for 15 new positions, bringing total employment to 166.
"Our team is constantly innovating, which has allowed us to grow," President Bonnie Swayze said in a news release. "We are thrilled to celebrate the 15 new jobs that have resulted from our recent growth.
"New U.S.-based manufacturing jobs are rare," Swayze said. "At Alliance, we are committed to making and packaging our products within the U.S. — and specifically Arkansas — to keep these jobs at home."
As part of the expansion, Alliance will purchase a new digital printer to help it be more efficient, produce new products and grow its customer base.
Founded in Alliance, Ohio, in 1923, Alliance says it is the largest rubber manufacturer in the country. It's been in Hot Springs since 1944 after its founder, Swayze's father, William Spencer, visited the city for its hot baths.
In 1991, the company officially moved its headquarters and all its operations to Hot Springs. Today the company makes 2,200 products distributed in 34 countries.
"Alliance Rubber Co. continues to be a great Arkansas ambassador through its global success," Gov. Mike Beebe said. "This expansion ensures a long-term presence in Hot Springs, setting an example of innovative thinking for other small businesses."
In 2013, Alliance was among four Arkansas companies recognized at the Governor’s Award for Excellence in Global Trade, which highlights the importance of international trade to Arkansas' economy.