Taber Extrusions to invest $60 million in Russellville expansion
by July 23, 2024 8:33 am 465 views
Arkansas economic officials announced a $60 million, 70-job expansion in Russellville on Tuesday (July 23) while in London. Taber Extrusions is expanding its facility in Russellville facility introducing the largest direct extrusion press in North America.
The company is investing over $60 million in the expansion and expects to create 70 new jobs, it said. Gov. Sarah Sanders joined company executives for the announcement of the expansion at the 2024 Farnborough International Airshow. The announcement was made at the Forum Main Stage at the USA Partnership Pavilion.
“We are excited for this expansion as it provides the capability and capacity needed in the large shape extrusion market, said Chuck Stout, President of Taber Extrusions. “This investment highlights our commitment to continue to serve our national defense, aerospace, and large industrial market partners.”
The state-of-the-art 10,000 UST Front Load, Direct press features cutting-edge machinery featuring a 16-inch (406mm) container and can handle profiles up to 600mm wide. It is designed to meet the demands of the aerospace industry and is expected to go live in 2026.
“Announcements like this don’t happen by accident,” said Gov. Sanders. “It took pro-growth policies in Little Rock, a pro-business mentality in Russellville, and a proactive presence at events like the Farnborough Airshow to secure Taber’s investment. I’m grateful to this great Arkansas company for their continued commitment to the Natural State.”
Taber Extrusions has been in business in the Russellville area for five decades. The company pioneered a process for extruding rectangular billet which enables the company to extrude solid profiles up to 31 inches wide or hollows up to 29 inches.
“Taber Extrusions has operated in Arkansas since 1976, and we look forward to many more years of business success for them. Congratulations to the city of Russellville on this economic development win, which creates 70 new jobs in the River Valley region,” said Clint O’Neal, executive director of the Arkansas Economic Development Commission.