Unique manufacturing company eyeing Port Arthur...
Post# of 107
Posted On: 12/28/2015 3:41:54 PM
Unique manufacturing company eyeing Port Arthur...Sustainable Composite Technologies Inc. in negotiations with Port Arthur,
The company plans to invest $5 million in production equipment over he next two years as well as other infrastructure costs, occupancy costs and working capital costs.
Overall, the company plans to invest more than $10 million into the Port Arthur facility.
The company also plans to partner with Lamar State College-Port Arthur to train a workforce for jobs that would pay between $15 and $24 per hour.
If successful in Port Arthur, the owners are looking at bringing a larger companion company to Port Arthur. That company, Pure Systems, would import the fibers to Port Arthur, where the material would be manufactured at the Port Arthur Sustainable Composite Technologies facility.
Pure Systems would be a $30 million investment, and would bring additional jobs to the area.
One more piece to the puzzle not previously published here. It is understandable that this group of intertwined companies will take a year to solidify.
http://newsok.com/article/feed/767057
The company plans to invest $5 million in production equipment over he next two years as well as other infrastructure costs, occupancy costs and working capital costs.
Overall, the company plans to invest more than $10 million into the Port Arthur facility.
The company also plans to partner with Lamar State College-Port Arthur to train a workforce for jobs that would pay between $15 and $24 per hour.
If successful in Port Arthur, the owners are looking at bringing a larger companion company to Port Arthur. That company, Pure Systems, would import the fibers to Port Arthur, where the material would be manufactured at the Port Arthur Sustainable Composite Technologies facility.
Pure Systems would be a $30 million investment, and would bring additional jobs to the area.
One more piece to the puzzle not previously published here. It is understandable that this group of intertwined companies will take a year to solidify.
http://newsok.com/article/feed/767057
(0)
(0)Authentic Holdings Inc. (AHRO) Stock Research Links
Scroll down for more posts ▼