Ammo company to locate plant in Marshall
By Naomi Prioleau email@example.com
Nov. 26, 2013 at 11 p.m.
MARSHALL - City commissioners Tuesday approved an incentive proposal of $945,000 to bring Rio Ammunition to the city. Rio is a subsidiary of the international manufacturing firm Maxam.
Board members for the Marshall Economic Development Corp. were at the meeting to discuss and answer questions from commissioners regarding the company that plans to bring 60 jobs to the area.
MEDCO board members said last week that the project came to fruition after five years of negotiations. The funding will come from existing economic development funds.
Besides the 60 jobs, Maxam will make capital expenditures in opening the plant.
Marshall's Texas State Technical College will help in the training, and MEDCO officials said the school was an integral part of Maxam's decision to bring the facility here.
Maxam celebrated its 140th anniversary this past year. It was founded by Alfred Nobel, the inventor of dynamite, in Spain in 1872. This past year, it had sales of more than 1 billion euros.
"We are recommending that these proposals be approved by the City Commission as quickly as possible," board member Jerry Benson said. "We're very excited about this opportunity for Marshall and with our workforce and the opportunity to grow our community."
The vote to approve the project was unanimous.
The plant will be in the Marshall Industrial Park.
Rio Ammunition was formed in 1896 and has supplied more than 550 million rounds of shotgun shells in more than 80 nations.
Shotgun shells produced include game load, target load and law enforcement ammunition.