(AP) – A Chinese textile company is transforming a former
television factory in east Arkansas into its first North American facility in a
$410 million project that’s expected to create up to 800 new jobs in the
struggling Delta region.Shandong Ruyi Technology Group announced Wednesday it would begin renovating
the former Sanyo factory in Forrest City later this year into a facility where
Arkansas cotton will be spun into yarn for textile use. The Sanyo factory has
been vacant since late 2007 when the company shut down production.
television factory in east Arkansas into its first North American facility in a
$410 million project that’s expected to create up to 800 new jobs in the
struggling Delta region.Shandong Ruyi Technology Group announced Wednesday it would begin renovating
the former Sanyo factory in Forrest City later this year into a facility where
Arkansas cotton will be spun into yarn for textile use. The Sanyo factory has
been vacant since late 2007 when the company shut down production.
Production is expected to begin at the new facility by mid-2018, and the
company plans on processing more than 200,000 tons annually of Arkansas cotton.
Arkansas is providing up to $4 million in cash incentives and $11 million in
payroll rebates.
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