Tagged: nordex usa

State OKs $2M to Convert Former Nordex USA Plant

by Associated Press 6/13/2014 9:53 am

The Arkansas Economic Development Commission said Thursday that the money will help TrinityRail Maintenance Services Inc. convert the now-closed Nordex USA wind turbine in Jonesboro.

TrinityRail Buys Nordex Plant, Plans 350 Jobs

by Lance Turner 6/5/2014 3:51 pm

TrinityRail Maintenance Services Inc. has purchased the former Nordex manufacturing plant in Jonesboro and plans to use it to provide railcar maintenance and services.

Former Nordex USA Site in Jonesboro Sold

by Associated Press 6/4/2014 2:47 pm

Officials won't identify the buyer of the Nordex USA site, which made wind turbines until it shuttered last year. The sale of the $40 million plant is to become official Thursday.

Deal Reached for Nordex to Pay Back $2.5M in Incentives

by Arkansas Business Staff 8/30/2013 1:56 pm

Nordex USA has reached an agreement with the state of Arkansas and the city of Jonesboro to repay more than $2.5 million in grants it received to build its wind turbine manufacturing plant.

HP, Nordex Expected To Refund Incentive Funds After Failing to Meet Goals

by Mark Friedman 8/26/2013 12:00 am

Companies that take cash from the Governor’s Quick Action Closing Fund and then fail to deliver on the promises of jobs should expect to repay some of the incentive money.

Wind Supporters Link Subsidies to Survival of Arkansas' Wind Energy Sector

by Luke Jones 7/15/2013 12:00 am

With the announced closure of Nordex USA’s wind turbine plant in Jonesboro, it’s starting to look like Arkansas’ wind energy industry didn’t survive the election.

Hewlett-Packard, Nordex Take A Bite Out of Arkansas Jobs

by Chuck Bartels, The Associated Press 7/9/2013 7:19 am

Hewlett-Packard's announcement that it will lay off 500 workers in Conway dealt Arkansas a second blow in as many weeks from once-promising employers whose business models didn't work as expected.

Video: Home BancShares, Martha Shoffner and Paula Deen in Your Week in Review

by Lance Turner 6/29/2013 8:52 am

Home BancShares' historic deal, the end of Wal-Mart's deal with Paula Deen, no deal for Martha Shoffner, and a bad deal for workers at Nordex in Jonesboro. Here's your "Arkansas Business-THV 11 News Week in Review."

Gov. Mike Beebe Slams Congress as Nordex Stops Production

by Luke Jones 6/28/2013 11:18 am

Production at Nordex USA in Jonesboro might have continued if Congress had put more power into a federal tax credit for wind companies, Gov. Mike Beebe tells Arkansas Business.

AEDC on Nordex: 'This Did Not Catch Us By Surprise'

by Luke Jones 6/28/2013 10:00 am

A spokesman for the Arkansas Economic Development Commission says that the end of production at the Nordex USA facility in Jonesboro "did not catch us by surprise," and that the wind energy company was working with the AEDC on what would happen to millions of dollars in incentives for the plant.

Nordex Wind Turbine Plant to Stop Production in Jonesboro

by Lance Turner 6/28/2013 6:37 am

A Jonesboro wind turbine factory that once projected having 750 employees is ending production, putting about 40 people out of work. Nordex USA says production will shift to Germany and attributed the move to overcapacity in the industry and the lack of a long-term federal production tax credit.

Diverse Economy Powers Jonesboro Toward Future

by Arkansas Business Staff 3/25/2013 12:00 am

A tour of Jonesboro’s industry provides a glimpse into the economic powerhouse of northeast Arkansas. The list of world class manufacturing companies in Jonesboro is impressive; companies like Nestle Prepared Foods, Frito-Lay, Unilever, Nordex USA, Great Dane, Nice-Pak Products, Hytrol Conveyor Company, Post Foods and many others have chosen to invest in Jonesboro.

Jonesboro Industrial Park Gets $4M Upgrade

by Associated Press 3/17/2013 5:23 pm

Jonesboro's city utility has completed $4 million in infrastructure improvements to the Craighead Technology Park as a way to help businesses there and attract new ones.

Jonesboro: Skilled Workforce Attracts Industry (Workforce Development (Over 20K) | Winner)

by Arkansas Business Staff 10/17/2011 12:00 am

Jonesboro city leaders know it takes a highly skilled workforce to attract industry. Their efforts to build a base of highly skilled workers necessary for the recruitment of industry earned the city recognition as a 2011 Arkansas Business City of Distinction for Workforce Development.