Conveyor Technology, the largest dealer and repair company for electric drum motors in North America, is expanding in North Little Rock, Arkansas with an investment of $33 million. This expansion is expected to create 100 new jobs.
“The launch of our new state-of-the-art manufacturing center marks a bold new chapter for Conveyor Technology. By producing Tech-Roll electric and hydraulic drum motors here in Arkansas, we’re preserving over 20 high-paying jobs, creating a path to more than 100 new ones, and aiming for $54 million in annual revenue. We’re grateful to the Arkansas Economic Development Commission and the Governor’s Office for their support and for helping make this vision a reality,” said Justin Carmody, Founder and CEO of Conveyor Technology Inc.
Company executives joined Governor Sanders, state officials, and local leaders for a dedication of the new Conveyor Technology facility on Monday. The state-of-the-art facility will be the production hub for Conveyor Technology’s proprietary line of drum motors, produced under the Tech-Roll brand name.
“With this $33 million announcement, Conveyor Technology continues to demonstrate its commitment to investing in our workforce and the manufacturing future of our state,” said Governor Sanders. “This state-of-the-art facility will produce more jobs and more revenue for our Central Arkansas economy – and we thank them for choosing to invest in the Natural State.”
Conveyor Technology is partnering with FoxDen Capital on the $33 million investment. The investment will create high-tech manufacturing jobs in Arkansas and reinforce the state’s position as a hub for advanced industry. Conveyor Technology currently has 33 employees.
“Conveyor Technology is an industry leader, and we are proud that the company is continuing to grow in the Natural State,” said Clint O’Neal, executive director of the Arkansas Economic Development Commission. “With this latest expansion, Conveyor Technology is contributing to the strength of the U.S. domestic manufacturing sector while also creating new jobs that will have an impact on the lives of many Arkansans.”
Founded in 1994, Conveyor Technology is currently the only U.S.-based manufacturer of electric drum motors. In addition to manufacturing its line of drum motors, the company also sells and services all major brands of drum motors.