Camfil Advances Plans for New Greenfield Facility in Kilgore, Texas
Camfil Advances Plans for New Greenfield Facility in Kilgore, Texas
News
May 7, 2024
Staff Reports
Camfil USA Marketing
We are thrilled to update you on a recent Board decision that marks a significant milestone in our journey toward sustained growth and expansion. Camfil Americas has demonstrated remarkable resilience and success, achieving a consistent annual growth of almost 10% over the past decade. This achievement is a testament to your dedication, hard work, and commitment to excellence.
To ensure that we continue to build on this success and meet the evolving needs of our customers, it has become imperative for us to expand our manufacturing capabilities. After careful consideration and analysis, we have decided to proceed with the previously announced establishment of a new facility, a strategic move that will propel us towards our growth objectives.
The investment of almost $100 million underscores a commitment to securing our position in the market and fostering sustained growth through 2030. Projections indicate promising outcomes, and we are confident in the viability and potential of this endeavor.
One of the key drivers behind this decision is the current limitation posed by the lack of available space in our existing U.S. factories and a desire for a southwest manufacturing site. In response to this challenge, we are moving forward with the establishment of a greenfield facility in Kilgore, TX.
Kilgore has been selected as the location for our new facility due to several compelling factors, including the availability of a skilled labor pool, strategic geographical location, ample land availability, and the support received from Kilgore’s Economic Development Council. The planned Kilgore facility will serve as a cornerstone in our expansion strategy, enabling us to produce all Camfil 5-Star products efficiently and effectively. Construction is slated to commence May 2024 and be completed late 2025.
We want to express our sincere appreciation to every one of you for your unwavering dedication, professionalism, and contributions to our shared success. Your hard work and commitment have laid the foundation for this significant expansion, and we have every confidence that together, we will achieve even greater milestones in the future.
Please feel free to reach out if you have any questions or require further clarification. Let's continue to work together to make this expansion a resounding success.