Bekaert Corp. sets the stage for $ 8.4 million expansion at Van Buren
VAN BUREN, Ark. (KNWA / KFTA) – On November 17, Bekaert Corporation inaugurated an $ 8.4 million expansion project in Van Buren.
The Belgium-based company plans to build a 50,000 square foot addition to its facilities, according to a press release from the company.
The project will allow the company to increase its strand production capacity and create 35 new jobs for the region. The expansion will help Bekaert provide documents for the Federal Communications Commission (FCC) as it increases Internet access in rural areas.
Bekaert’s plant in Van Buren currently occupies over one million square feet on 125 acres along the Arkansas River.
âThis expansion and the addition of 35 new jobs has a huge impact on Van Buren,â said Julie Murray, President and CEO of the Van Buren Chamber of Commerce. âWe are so lucky to have Bekaert as a partner in developing our community and our economy. “
Bekaert also recently announced that it will be implementing salary increases for current employees. The company rolled out a new pay scale and revised benefits options during its registration event that opened in November, with many hourly employees receiving an almost 20% increase in their hourly pay, according to a press release. .
Construction of the Van Buren facility expansion is officially underway and is expected to be completed by April 2022.