by Lance Turner
Posted 6/5/2014 03:51 pm
Updated 5 months ago
TrinityRail Maintenance Services Inc. has purchased the former Nordex manufacturing plant in Jonesboro and plans to use it to provide railcar maintenance and services.
TrinityRail Maintenance, which is part of publicly traded Trinity Industries Inc. of Dallas, plans to move into the facility and "bring as many as 350 new jobs" to Jonesboro, the company said in a news release.
The company did not release financial terms of the deal. The Arkansas Economic Development Commission said it is still negotiating an incentive package with the company.
Trinity Industries Inc. provides industrial products and services for railcars, inland barges and storage. It also handles railcar leasing and management services.
"We welcome TrinityRail Maintenance Services to Jonesboro, and we are excited for the significant investment the company is making in northeast Arkansas," Gov. Mike Beebe said in a news release. "This shows again that when Arkansas cities have the right workforce and facilities, new companies will continue to bring good-paying jobs here."
The sale of the $40 million plant was announced yesterday but the buyer wasn't disclosed.
Nordex announced plans in 2008 to build a wind turbine production plant in Jonesboro. At the time, the company said it would invest about $100 million in the new facility on 187 acres in the Craighead Technology Park. It projected that employment would eventually reach 750 people at an average wage of $17 an hour.
The company planned to make 2.5 megawatt N90 and N100 turbine models. The facility would produce nacelles, the tubular towers that support the windmills, in 115,000 SF of production space. Plans also called for a 10,000-SF "training academy" and 35,000 SF of office space. At full capacity, the nacelle plant was to employ 240, Nordex said at the time. When the plant opened in 2010, employment was about 70.
After announcing the plant closure, Nordex pledged to repay $2.5 in state incentives for not meeting hiring targets. AEDC said Thursday that Nordex had repaid the money.