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Tag: City of Laredo

City of Laredo to spend $2,420,061.00 to occupy 13,910 square feet of space in Laredo Texas.

City of Laredo to spend $2,420,061.00 to occupy 13,910 square feet of space in Laredo Texas.

October 8, 2024 Craig Etkin

Laredo, Texas — According to state and local development sources, City of Laredo plans to invest $2,420,061.00 to build out 13,910 square feet of new space in Laredo. The company plans to occupy the new…

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Philip Morris International has announced an expansion for Swedish Match, creating 450 new jobs with a $232 million investment. The Owensboro facility produces Swedish Match ZYN nicotine pouches, and the expanded production will allow the company to meet growing global demand from consumers for smoke-free products. Construction on the expanded facility has already begun with completion expected by the second quarter of 2025. The investment also will facilitate the move from a 24-hour, five days-per-week schedule to 24/7 production later this year. New jobs created at the location will include engineers, production staff, technicians and quality control.

PMI is headquartered in Stamford, Connecticut, and its U.S. affiliates have more than 2,300 employees. Since 2008, PMI has invested $12.5 billion globally to develop, scientifically substantiate and commercialize innovative smoke-free products for legal-age nicotine consumers. PMI’s U.S. affiliates operate smoke-free product manufacturing facilities including the Swedish Match North America Owensboro, which opened in 1973 and employs around 1,100 people. The company also operates a facility in Wilson, North Carolina, that produces HEETS, the consumable for the IQOS heated tobacco device. Swedish Match North America has a regional office in Richmond, Virginia. Company leadership noted a projected $277 million annual regional economic impact associated with the project. The estimate is provided from an economic impact analysis study conducted by Econsult Solutions, a Philadelphia-based economics consulting firm.

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White River Energetics (WRE), an ammunition primer and energetics manufacturer, is expanding its facility in Des Arc, creating 100 new jobs. The company is investing approximately $10 million to expand its existing facility. Additionally, WRE will also make a $60 million dollar investment to build a single base smokeless propellant factory. There is a worldwide shortage of smokeless propellant that is affecting munitions availability globally.

The expansion and new smokeless propellant facility will create 100 total new jobs at the White River Energetics campus in Des Arc and represents an investment of more than $70 million. The expansion will enable WRE to scale its energetics and primer manufacturing to meet customer demand as well as develop new products. WRE supports domestic and international clients through the manufacture and distribution of energetics for various ammunition types.

In a statement Dan Powers, President and CEO of D&M Holding Company said, “This smokeless propellant factory will enable us to supply propellant to the global shortage that is affecting munitions availability.” “We are proud to have chosen Des Arc for this investment and look forward to adding the additional jobs for the community.”

White River Energetics is a newly formed and wholly owned subsidiary of D&M Holding Company. WRE has built a new facility in Des Arc, AR with the objective of manufacturing energetics for the ammunition industry. WRE operates on a foundation of proven processes and is regularly evaluating and implementing new processes and automation to make higher quality and safer energetics.

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