NEW YORK Global steel and wire fabricator N.V. Bekaert SA is looking to acquire $265,000 in government funding to increase shipment capacity at its Van Buren, Ark., steel wire fabricating facility, according to a spokesman for the Arkansas Economic Development Commission.
The Kortrijk, Belgium-based company is working with state officials to expand its parking area and driveway to handle increased truck traffic, Tracee McKenna, director of community development at the western Arkansas Planning and Development District Inc., told AMM.
"Theyre looking at doing some paving of a driveway and a parking area to help with truck flow deliveries and pickups," McKenna said. "The goal would be to increase the amount of delivery and outgoing they can do."
McKenna said Bekaert will create 45 jobs as part of the expansion, and that the grant application process, to be completed in the next 30 to 60 days, is a "formality" and all but assured of approval.
"I know both of those mills are doing well and it wouldnt surprise me," a source familiar with the situation said. "The plants doing well and its growing well and they needed some extra space."
Bekaert added a galvanized prestressed concrete strand line earlier this year, the first of its kind in the United States. The company could not be reached for comment.