A Hot Springs-based log and lumber equipment manufacturing is expanding its presence in the Spa City.
FiberPro is investing $3.1 million to expand its Hot Springs manufacturing facility, which is projected to create 69 new jobs over three years. With the expansion, the company aims to add a forestry product team to handle consulting, planning, engineering and manufacturing, while also increasing its manufacturing capacities.
“FiberPro’s commitment to individualized solutions for each of our clients has led to outstanding growth for the company,” FiberPro founder and CEO Josh Krauss said in a statement. “We are excited to continue the momentum through this expansion, which will benefit both FiberPro and the state by bringing additional manufacturing jobs and opportunities to Hot Springs.”
According to the company’s website, FiberPro specializes in a range of equipment systems, including log bucking and merchandiser systems, drum debarking and roundwood handling, log cranes, log conveyors, log and stem singulation systems, and processed fiber material handling.
“The technology and economic impact by FiberPro’s investment is an exciting opportunity for Hot Springs,” U.S. Representative Bruce Westerman said. “The timber industry is a vital resource for the United States and the lifeblood of Arkansas. Hot Springs is an incredible choice to host cutting-edge research, development, and manufacturing.”
The expansion is expected to be complete by summer 2021.