What's Happening?
Nidec Motor Corporation is set to expand its facility in Mena, Arkansas, with a $19 million investment. This expansion will add a 61,000-square-foot space to the existing plant, enhancing its manufacturing capacity, testing labs, and customer demonstration areas. The project is expected to create 35 new jobs over the next five years. Claudemir dos Santos, Nidec Global ACIM COO and vice president of operations for North America and Latin America, highlighted the significance of this investment, noting that the company has outgrown its current facility. The Mena plant, which has been operational since 1966, currently employs around 400 workers and specializes in producing large motors for industries such as oil, natural gas, and water/wastewater.
Why It's Important?
The expansion of Nidec's Mena facility underscores the company's commitment to the region and its role in the local economy. By creating 35 new jobs, the project will provide significant employment opportunities in Polk County, contributing to the economic growth of the area. Governor Sarah Huckabee Sanders emphasized the positive impact of the expansion, attributing it to Arkansas's business-friendly environment, characterized by lower taxes and reduced regulations. The investment also reflects confidence in the local workforce and the strategic importance of the Mena facility in Nidec's operations. This development is a testament to the effectiveness of Arkansas's economic policies in attracting and retaining businesses.
What's Next?
Construction on the new facility is already underway, with completion expected by 2027. As the project progresses, Nidec will begin hiring for various positions, including machine operators, to support the expanded operations. The Arkansas Economic Development Commission and local officials, including Mena Mayor Seth Smith, are optimistic about the future opportunities this expansion will bring to the community. The project is expected to strengthen Mena's position as a key player in the manufacturing sector, potentially attracting further investments and fostering economic development in the region.
