Southwest Steel Processing, a manufacturer of railcar and oil and gas components announced it is expanding its facility in Newport, Arkansas with an investment of $18 million.
The expansion will allow Southwest Steel Processing to develop a new forging line. This $18 million investment will add 100 jobs over the next two years. The addition of 100 jobs will bring total employment at the Newport facility to 220.
The expansion at Southwest Steel Processing of a second forging line will significantly increase our ability to provide high quality, competitively price forged steel parts to our customers said Ken Copeland, President of Southwest Steel Processing.
Southwest Steel Processing is a partnership between Cleveland-based Park Ohio and Arkansas Steel Associates LLC of Newport.
|Company Name||Southwest Steel Processing|
|Estimated Cost||$18 million|