Exciting News for Byhalia: Rockwool Announces Major Expansion!
Hey there, Byhalia! We have some fantastic news coming your way. The world-renowned company, Rockwool, has big plans to expand its production facility in our very own Marshall County, Mississippi! You might remember that Rockwool first made waves back in 2013 when they invested a whopping $160 million to set up their first U.S. plant right here in the Memphis area. Well, it looks like they are back and ready to take things to the next level!
What’s New at Rockwool?
According to a recent announcement, Rockwool is set to invest an impressive $100 million to enhance its existing facility in Byhalia. The plant currently employs about 270 workers, and the projected expansion could bring in an additional 35 new jobs for the community! That’s right, friends; more job opportunities mean more families can thrive in our area!
So, why this expansion? Rockwool officials shared that the demand for insulation products in the Gulf of Mexico region has been on a steady rise, thanks to the needs of the process industry. This new production line will focus on manufacturing industrial insulation products designed to withstand demanding environments. Think of products that are water-repellent and can fight off corrosion, making them perfect for insulating pipes, tanks, and vessels. Talk about durable!
Setting Goals for the Future
Rockwool’s plans don’t stop with just the expansion; they’re looking ahead! The new manufacturing line is expected to be operational by 2027, which means we have some exciting developments to look forward to. Jes Munk Hansen, the CEO of Rockwool, emphasized that North America, especially the U.S., is crucial for their growth strategy. With facilities across the continent, plus another one on the way in Washington state, Rockwool is committed to strengthening its industrial insulation offerings right here.
A Look Back: Rockwool’s Journey in Byhalia
Just a decade ago, Rockwool, formerly known as Roxul, made a significant mark in the Memphis region with its first plant. The initial $160 million investment paved the way for not only a beautiful 600,000-square-foot facility but also created about 150 jobs in the community. Fast forward to 2017, and Rockwool expanded once again by adding a separate 130,000-square-foot plant to produce acoustic ceiling products. Each step has shown their commitment to growth and innovation.
The Bigger Picture: Rockwool and Sustainability
Rockwool isn’t just about making products; they are dedicated to sustainability too. The company specializes in stone wool, a fantastic material that’s not only durable but also endlessly recyclable. Now, isn’t that a win-win situation? They currently employ around 12,000 people across 40 countries and generate close to $4 billion in revenue annually. It’s clear that Rockwool is doing something right on the global stage!
Celebrating Community and Growth
This expansion is not just a boon for Rockwool; it’s a huge win for the Byhalia community as well. More jobs mean more stability for families and more economic activity within our local area. Plus, if you’re interested in celebrating the growth and innovation in our city, the Building Memphis Awards are just around the corner, with nominations now open!
What’s Next?
Keep your eyes peeled for Rockwool’s developments as they finalize details for this exciting expansion. Let’s cheer for growth, innovation, and the wonderful opportunities that await us right here in Byhalia!
