Neapco Expansion Creates 150 Jobs at Nebraska Plant

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Researched by Industrial Info Resources (Sugar Land, Texas)--Neapco LLC (Pottstown, Pennsylvania) is expanding the company's automotive components manufacturing plant in Beatrice, Nebraska. As of February 2010, the plant employed 125 workers and had an annual production value of $50 million. The Beatrice plant, which produces universal joints and drive shafts, will expand to 100,000 square feet. The expansion will allow for the creation of approximately 150 new jobs at the plant.

The expansion comes at the expense of factory consolidation. Neapco will relocate equipment and some jobs from its Pottstown, Pennsylvania, plant to the Nebraska facility. The two plants had been operating at partial capacity, and the generous financial incentives offered by the state of Nebraska helped the company decide which plant would remain open.

Nebraska's Department of Economic Development provided a grant of $1 million to Neapco, which was key in the company's decision to expand the Beatrice plant. The funds will be used to relocate manufacturing equipment from Pottstown and for construction costs. Some employees will be moving from Pottstown to Nebraska. The new expansion is expected to be operational by January 2011.

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