Greenbrier to invest $16 million in Marmaduke, Ark., supporting future growth and adding at least 35 jobs

 August 07, 2019

FOR IMMEDIATE RELEASE

For Media Inquiries:

Brandi Hinkle – Director of Communications
Arkansas Economic Development Commission
501-519-7382 mobile or [email protected]

Greenbrier to invest $16 million in Marmaduke, Ark., supporting future growth and adding at least 35 jobs

The Greenbrier Companies Inc., an international supplier of railcars and marine barges, today announced that it is investing approximately $16 million in the company’s Marmaduke, Arkansas, facility to support future growth. As part of the expansion, the company plans to create at least 35 new jobs within one year, adding to the current 850 employees at the facility.

“When Greenbrier acquired American Railcar Industries, we knew the Marmaduke operations would help us deliver on three key parts of our strategic plan,” said William A. Furman, chairman and CEO. “First, strengthening our core North American engineering and manufacturing business. Next, growing our operations at scale in new and existing markets; and lastly, extending our talent base. The expansion of our facility in Marmaduke will further position Greenbrier for continued growth for many years to come.”

In April, Greenbrier announced it was acquiring American Railcar Industries (ARI). The acquisition was completed last month. ARI opened its hopper railcar assembly factory in Paragould in 1995, the first major railcar assembly plant in the company’s manufacturing network. The company’s Marmaduke facility opened four years later to produce tank railcars. In 2009, a joint venture axle and manufacturing facility, Axis LLC, began operations in Paragould, and an ARI railcar component subsidiary, Corbitt Manufacturing, opened a plant in Paragould in 2016.

“Even though Greenbrier is new to Arkansas, the company already has a rich presence here through American Railcar, and I am delighted to see that relationship continue,” said Gov. Asa Hutchinson. “This investment will go a long way in improving the lives of many Northeast Arkansas families, and we are proud to be a part of the company’s success.”

The investment announced today builds on ARI’s $10.5 million expansion in 2015 for improvements to its Marmaduke facility and acquisition of new equipment. At that time, the company also announced 75 new jobs would be created.

“ARI has been a great corporate citizen in Marmaduke for many years, and we are excited that Greenbrier plans on continuing with the partnership,” said Marmaduke Mayor Steve Dixon. “We have a world-class workforce that has played an integral role in ARI’s success, and we are confident that we will do the same for Greenbrier.”

ARI traces its history to 1864 when Milton Car Works was formed in Milton, Pennsylvania, by Murray, Dougal and Company, to build some of the world’s first tank cars. After 130 years of acquisitions, American Railcar Industries Inc. was formed in 1994.

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About Greenbrier Companies Inc.
The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in North America. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland, Romania and Turkey that serves customers across Europe and in the nations of the Gulf Cooperation Council. Greenbrier builds freight railcars and rail castings in Brazil through two separate strategic partnerships. Greenbrier is a leading provider of freight railcar wheel services, parts, repair, refurbishment and retrofitting services in North America through our wheels, repair & parts business unit. Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and related transportation industries in North America. Through unconsolidated joint ventures, Greenbrier produces industrial and rail castings, tank heads and other components. Greenbrier owns a lease fleet of 10,600 railcars and performs management services for about 375,000 railcars. Learn more about Greenbrier at www.gbrx.com.

About the Arkansas Economic Development Commission
The Arkansas Economic Development Commission (AEDC), a division of the Arkansas Department of Commerce, seeks to create economic opportunity by attracting higher-paying jobs, expanding and diversifying local economies in the state, increasing incomes and investment, and generating positive growth throughout The Natural State. Arkansas is a pro-business environment operating leaner, faster and more focused through a streamlined state government designed to act on corporate interests quickly and decisively. For more information, visitwww.ArkansasEDC.com.

This press release and others can be found online athttps://www.arkansasedc.com/news-events/newsroom.

 
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