LUFKIN, TX (KTRE) - A Wisconsin-based company broke ground in Lufkin Wednesday afternoon. Twin Disc will open a new 50,000 square-foot facility at Lufkin’s industrial park.
Twin Disc CEO John Batten spoke to KTRE’s Khyati Patel about why the company chose Lufkin.
“It really did almost start and end with Lufkin. We were looking at port towns and towns kind of in the radius and I was discussing this project with a friend and he’s in the industry and he immediately mentioned Lufkin," Batten said.
The new facility will add 20 to 30 new jobs with the intention of growing in the near future due to a pool of skilled workers available after job cuts at Lufkin Industries.
Twin Disc formally signed a lease-to-own agreement Wednesday with the City of Lufkin. Part of the incentive for Twin Disc is Lufkin’s agreement to lease the construction of the company’s building and to be paid back over 15 years.
“Knowing that there were Lufkin employees available potentially to hire... that was the final nail in the board saying this is where we need to be,"Batten said.
“This is a 100-year-old company that has not expanded. They’ve always looked for the perfect place to do it and they’ve decided Lufkin, Texas is the place to do it and we are thrilled to death,” said Lufkin Mayor Bob Brown.
Construction of the Twin Disc facility is expected to be complete by the end of the year.
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A Wisconsin-based manufacturing business is getting a step closer to creating jobs in Deep East Texas. A groundbreaking ceremony will be held at 1 p.m. Wednesday for Twin Disc’s new 50,000 sq. ft. facility in Lufkin.
The new building will be in the City Industrial Park on Highway 103. It will produce power take-offs and clutches for heavy duty industrial equipment. Twin Disc officials anticipate opening for business at the beginning of 2020. The new facility is expected to provide 20 to 30 new jobs with the intention of growing more jobs in the near future.
In August, the Lufkin Economic Development Corporation announced its plans to offer an economic incentive to Twin Disc.
According to a press release from Twin Disc, the company was founded in 1918. It is a global leader in power transmission technology. Products offered include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems.
The company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.
Twin Disc’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. Its headquartered in Racine, WI. Twin Disc is a publicly traded company on the Nasdaq stock exchange.