Lawton-Fort Sill EDC Press Release Silver Line
-
Upload
nicole-bucher -
Category
Documents
-
view
113 -
download
0
Transcript of Lawton-Fort Sill EDC Press Release Silver Line
![Page 1: Lawton-Fort Sill EDC Press Release Silver Line](https://reader035.fdocuments.net/reader035/viewer/2022081900/58ee1e1f1a28ab09488b45d5/html5/thumbnails/1.jpg)
FOR IMMEDIATE RELEASE Contact: Nicole Bucher
June 3, 2015 Communications [email protected]
(580) 355-3541
Silver-Line Plastics Announces Major Expansion in Lawton, Oklahoma
Lawton, Oklahoma (June 3, 2015) - Silver-Line Plastics, an industry-leading manufacturer of plastic pipe
products, announced a major expansion of its Lawton manufacturing facility located in Lawton’s West
Industrial Park.
The company’s plan will double the size of the current facility and add more extrusion lines to increase
production capacity and better serve its growing customer base. “When we were first ready to expand
outside our home state of North Carolina 15 years ago, we chose Lawton for its business friendly
environment, strategic location, and people,” said Ricky Silver, President and CEO. “This expansion
confirms that Silver-Line made the right decision,” Silver said, “We look forward to growing our business
in Lawton for many years to come.”
The expansion will mean about 20 new jobs at the Lawton Plant, according to Keith O. Bridges, Director
of Economic Development and Recruitment at Great Plains Technology Center (GPTC). Bridges and the
Lawton Economic Development Corporation (LED) have worked closely with Silver-Line’s management
team to make this expansion possible.
“With the new jobs Silver-Line’s Lawton workforce will grow to about 80 employees over the next few
years,” Bridges said. He explained that each new manufacturing job will also create almost one
additional job in the community to support the Silver-Line expansion. “We anticipate the company will
![Page 2: Lawton-Fort Sill EDC Press Release Silver Line](https://reader035.fdocuments.net/reader035/viewer/2022081900/58ee1e1f1a28ab09488b45d5/html5/thumbnails/2.jpg)
increase its annual payroll to about three and one-half million dollars a year,” he said. It’s expected the
project will result in capital investments of up to $10 million over the next five years.
Lawton’s Mayor, Fred Fitch said, “This economic development project is a great example on how a
community can leverage its economic development resources like Comanche County Industrial
Development Authority (CCIDA), Lawton Economic Development Corporation (LEDC) and Great Plains
Technology Center (GPTC).”
Several entities worked in tandem to put an economic development package together for Silver-Line
according to Bridges. He credited a Comanche County Industrial Development Authority (CCIDA)
$800,000 loan, state incentives by the Oklahoma Department of Commerce, business services provided
by Great Plains Technology Center’s Economic Development Center, Lawton Economic Development
Corporation (LED) and the Lawton Ft. Sill Chamber of Commerce.
Phil Kennedy, Lawton-Fort Sill Economic Development Corporations (LED) Chairman of the Board said,
“LED designed and implemented new strategies that included leading and engaging our community
partners. In this past year we are starting to see these strategic results with job creation and capital
investment in our community.”
Construction is to expand the plant located at 8801 SW Neal (near Lawton Goodyear) and will start in the
third quarter of 2015.
About Silver-Line Plastics Corporation
Founded in 1962, Silver-Line Plastics is an American owned and operated manufacturer of the industry’s
highest quality plastic pipe products, featuring PVC, CPVC, Polyethylene, Geothermal, and PEX plastic
pipe and tubing. In addition to Lawton, the company operates plants in North Carolina and Florida.
![Page 3: Lawton-Fort Sill EDC Press Release Silver Line](https://reader035.fdocuments.net/reader035/viewer/2022081900/58ee1e1f1a28ab09488b45d5/html5/thumbnails/3.jpg)
The Lawton-Fort Sill Economic Development Corporation is a 501 (c) 6 not-for-profit corporation
supported and led by the community’s business leaders, city government, and top academic institutions.
The Lawton-Fort Sill EDC collaborates closely with other entities throughout the southwest OK/Lawton
region and the state to ensure a globally competitive and sustainable regional economy through quality
job creation.
To view the website, please visit www.lawtonedc.com. To view the video, go to
http://www.youtube.com/watch?v=AYEC_vb86pE
For more information, call the Lawton-Fort Sill EDC at (580) 355-3541.
####