The Missouri Department of Economic Development (DED) today announced that Stainless Technology, a manufacturer of stainless steel tanks, is expanding its Springfield operations. The company plans to hire up to 88 new employees, more than doubling the current workforce at the facility.
“This is big news for Stainless Technology and big news for Missouri’s economy,” said Mike Downing, acting director of the Missouri Department of Economic Development. “Manufacturing has long been a staple part of our economy and it is thrilling to see that this important sector is still growing and still creating jobs in the Show-Me State.”
Stainless Technology, a division of ABEC, Inc., has been operating in Springfield for more than 30 years. The company manufactures and supplies high-quality stainless steel tanks and vessels for the biopharmaceutical industry. The company’s innovative products have prompted a significant increase in sales. To meet increased demand for its products and accommodate expected future growth, Stainless Technologies is planning to expand its current facility by up to 75,000 square feet and hiring additional employees.
“Missouri has been a great place to do business and we’re excited to be expanding in Springfield,” said Scott Pickering, President and CEO of ABEC, Inc. “Here we have access not only to a highly-skilled workforce, but a growing client base as well. Being located in Missouri has really allowed us to grow our company quickly and produce the quality product that our customers expect.”
To assist Stainless Technology with its expansion, the Department of Economic Development and the City of Springfield have authorized a strategic economic incentive package that the company can receive if it meets strict job creation and investment criteria.
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