SYLACAUGA -- Fleetwood Metal Industries Inc. recently announced expansion plans for its Sylacauga facility.
The new 60,000 square foot plant will relocate to 471 Billingsley Road, inside the city’s industrial district.
“We hope to have expansion completed within the next three months,” Talladega County Economic Development Authority Executive Director Calvin Miller said.
The company expansion is expected to provide 30 additional jobs initially -- with the intention of adding 40 more by 2018.
“This is another wonderful economic opportunity for Sylacauga, and I know the company plans to add a third shift,” Mayor Jim Heigl said.
Fleetwood Metal Industries specializes in state-of-the art metal stamping and welding technologies. It opened its present facility in Sylacauga in 2005 at 162 Gene Stewart Court.
“By the end of the first three years, the company employed over 60 people,” Miller said.
In 2008, Fleetwood Metal added an additional 50,000 square feet to its facility and has continued to grow. Currently, Fleetwood Metal has approximately 350 workers on its payroll.
Miller noted that Fleetwood Metal has already hosted two job fairs in the community. Miller added that “the company works closely with Honda Manufacturing of Alabama in Lincoln.”
“They are a tier one supplier for Honda,” he said. “They make a variety of metal parts for their vehicles.”
On Thursday, members of the Sylacauga City Council moved to finalize the company’s expansion by approving tax abatements for both Fleetwood Metal and Agracel Inc.
Miller said the agreement calls for an abatement of 22.5 mills of Sylacauga’s property tax each year for a period of 10 years. The agreement also abates 7 percent of the city’s 8 percent sales tax each year for the same period. The remaining 1 percent is reserved for educational funding.
“The abatements will not affect the education portion of the taxes,” Miller said. “These abatements will save money for Fleetwood and in turn, hopefully, bring more revenue for the city.”
Agracel purchased a spec building from Sylacauga for $1.4 million and is, in turn, leasing it to Fleetwood Metal. Details of the lease agreement were unavailable Friday.
Agracel is an industrial development company. It’s mission is to “be the premiere provider of development services to communities, facilitating and retaining manufacturing and hi-tech jobs.”
The close on the sale of the building should be finalized within 45 days, Miller said.
“The new facility is an investment of the Talladega County Industrial Development Board, the city of Sylacauga Utilities Board and the Alabama Municipal Electric Authority,” Miller said. “It’s been a group effort.”
For more information, contact Miller at 256-245-8332 or go to www.fleetwoodmetal.com.