Steel components maker Samuel Roll Form Group, is investing $6.9mn to expand its operations in Luka, Mississippi.
The company announced plans to extend the Iuka site by 54pc to 192,000sq ft from 125,000sq ft at present and increase its manpower from 30 to 160 people. The additional space will accommodate fabricating equipment and rolling mills.
The company noted that it is receiving assistance from the Mississippi Development Authority, which is providing $400,000 toward equipment relocation and $50,000 toward workforce training. The expansion and integration of new hires will take place in the first half of 2021.
Samuel Roll Form Group is part of the Samuel & Son Co and operates a network of metal manufacturing, processing, and distribution centers in Florida, Canada, and Mississippi for heavy rolled-steel products.
The southeastern Mississippi region has also encountered growth in the past few years as various steel-centric companies make it their home. For example, Hago Automotive invested $4mn in new equipment and a new plant wing to accommodate a new contract with BMW in 2019. Orbital ATK an aerospace company also invested $10.5mn in an expansion in 2018, while SMW Manufacturing spent $4mn and General Atomics invested $20mn in the same year in the region to grow their operations.