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September 25, 2017

American Railcar to Open Corbitt Manufacturing Facility in Paragould


Corbitt Manufacturing Co., a subsidiary of American Railcar Industries Inc. of St. Charles, Missouri, announced Wednesday that it is opening a new facility in Paragould that will create up 60 new jobs.

Corbitt said it will invest about $3.5 million in the plant; production begins this month.

Jeff Hollister, president and CEO of American Railcar, said facility will help the company meet demand for components that go on the railcars it produces at its Paragould and Marmaduke assembly plants.

“The proximity of the new facility to our railcar manufacturing plants and the work ethic of people in northeast Arkansas were two of the factors in choosing to start up a new facility in Paragould,” Hollister said. “We are excited with the possibilities the Corbitt operations will likely bring to the city of Paragould as we expand our strong workforce and continue to support the success of our business.”

Gov. Asa Hutchinson joined company leaders at the plant to announce the expansion.

“Corbitt is a key part of the company, ARI, who has a long history in Arkansas and has undergone several expansions over the years that have resulted in high-paying jobs in northeast Arkansas,” Hutchinson said. “I have no doubt that northeast Arkansas’ talented workforce will allow Corbitt and ARI to continue to grow and thrive here for many years.”

The project qualified for an incentive package worth more than $700,000 from the Arkansas Economic Development Commission. According to the AEDC, the project is eligible for:

  • Create Rebate, which provides a cash rebate equal to 3.9 percent of annual payroll for six years ($624,821)
  • Tax Back, which provides sales tax refunds on building materials, taxable machinery and equipment associated with the project ($84,663)

American Railcar entered Paragould in 1995, spending $10 million to open a 135,000-SF freight railcar assembly factory. It added a second assembly plant in Marmaduke in 1999. Together, they employ about 1,000 people, the company said.

Corbitt Manufacturing Co., a subsidiary of American Railcar Industries Inc. of St. Charles, Missouri, announced Wednesday that it is opening a new facility in Paragould that will create up 60 new jobs.

Corbitt said it will invest about $3.5 million in the plant; production begins this month.

Jeff Hollister, president and CEO of American Railcar, said facility will help the company meet demand for components that go on the railcars it produces at its Paragould and Marmaduke assembly plants.

“The proximity of the new facility to our railcar manufacturing plants and the work ethic of people in northeast Arkansas were two of the factors in choosing to start up a new facility in Paragould,” Hollister said. “We are excited with the possibilities the Corbitt operations will likely bring to the city of Paragould as we expand our strong workforce and continue to support the success of our business.”

Gov. Asa Hutchinson joined company leaders at the plant to announce the expansion.

“Corbitt is a key part of the company, ARI, who has a long history in Arkansas and has undergone several expansions over the years that have resulted in high-paying jobs in northeast Arkansas,” Hutchinson said. “I have no doubt that northeast Arkansas’ talented workforce will allow Corbitt and ARI to continue to grow and thrive here for many years.”

The project qualified for an incentive package worth more than $700,000 from the Arkansas Economic Development Commission. According to the AEDC, the project is eligible for:

  • Create Rebate, which provides a cash rebate equal to 3.9 percent of annual payroll for six years ($624,821)
  • Tax Back, which provides sales tax refunds on building materials, taxable machinery and equipment associated with the project ($84,663)

American Railcar entered Paragould in 1995, spending $10 million to open a 135,000-SF freight railcar assembly factory. It added a second assembly plant in Marmaduke in 1999. Together, they employ about 1,000 people, the company said.

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