Ammunition plant to open near Texarkana (including primer production)- high prices create supply

[sherrick13]

Even if it takes a while.

But $100 million investment? These guys are serious

Recently, they also have begun a recruiting drive, advertising an on-site job fair they have coming up Jan. 29. They plan on employing more than 400 by 2023 and have plans beyond that.
The facility will specialize in the production of primers, a key component in ammunition manufacturing, for the small arms industry.
"We have invested $100 million into the site so far," said Richard A. Smissen, owner, Expansion Industries. "This is all about supply and demand. There is serious demand in the industry for this product and right now, for various reasons, the supply chain is falling woefully short. So we are getting ready to do our part to help out with that issue."




Ammunition plant to open near Texarkana

 

[dennishoddy]

Hopefully they are successful but investing that kind of money during this shortage will bring short time returns in a market that is sure to decline after the mid term elections when people are seeing Republicans in control and gun control becoming less an issue.

 

[retrieverman]

Hopefully they are successful but investing that kind of money during this shortage will bring short time returns in a market that is sure to decline after the mid term elections when people are seeing Republicans in control and gun control becoming less an issue.

I hope you’re right about the mid terms, but I’m not that optimistic.

 

[SlugSlinger]

Hopefully they are successful but investing that kind of money during this shortage will bring short time returns in a market that is sure to decline after the mid term elections when people are seeing Republicans in control and gun control becoming less an issue.

People are going to start or keep shooting so there will always be a need for ammo, and if the market can make it cheaper, likely people will just buy more either to hoard at shoot more. Just think of all the folks in the blue states that have purchased firearms recently to protect themselves. They need ammo too!

What is it about ammo that makes one feel like they never have enough?

 

[SlugSlinger]

It’s great to see companies, that manufacture, are building facilities in the US and not outsourcing to other countries. Especially this type of manufacturing that literally, our lives could depend on.

And asking about the $100M investment, I wonder how much is related to automated equipment which is probably ridiculously expensive or this:

Smissen made it clear it was quite a maze of bureaucracy he had to navigate to get this facility up and running.
"Miles of red tape and mountains of paperwork, that I can tell you," he said.

Even if it takes a while.

But $100 million investment? These guys are serious

Recently, they also have begun a recruiting drive, advertising an on-site job fair they have coming up Jan. 29. They plan on employing more than 400 by 2023 and have plans beyond that.
The facility will specialize in the production of primers, a key component in ammunition manufacturing, for the small arms industry.
"We have invested $100 million into the site so far," said Richard A. Smissen, owner, Expansion Industries. "This is all about supply and demand. There is serious demand in the industry for this product and right now, for various reasons, the supply chain is falling woefully short. So we are getting ready to do our part to help out with that issue."




Ammunition plant to open near Texarkana

 

[Perplexed]

Wonder if they’ll announce their first caliber produced will be:

.40 S&W!

 

[Gadsden]

What is it about ammo that makes one feel like they never have enough?

Socialist Dems...

 

[Dumpstick]

I would take this with a grain of salt. Check out Expansion Industries. 20 employees, and $1.4 million in sales. I know a pool installer that does that with one employee.

They buy and resell surplus powder. EI took over $1 million in free (non-repayable) Covid (loan) money in 2021.

How in the world will they get hold of $100 million ? I don't think they did.

The plant is an abandoned DoD plant, that DoD decided wasn't worth reopening. The last people to run it were paid to run the plan t. No investment has gone in to the physical structure or machinery in decades.

I think the $100 is a phantom number, that is what they (EI) claim the plant and property and worn-out equipment is worth.

I hope this works, but I think it's a scam to get more free taxpayer money.

 

[sherrick13]

I would take this with a grain of salt. Check out Expansion Industries. 20 employees, and $1.4 million in sales. I know a pool installer that does that with one employee.

They buy and resell surplus powder. EI took over $1 million in free (non-repayable) Covid (loan) money in 2021.

How in the world will they get hold of $100 million ? I don't think they did.

The plant is an abandoned DoD plant, that DoD decided wasn't worth reopening. The last people to run it were paid to run the plan t. No investment has gone in to the physical structure or machinery in decades.

I think the $100 is a phantom number, that is what they (EI) claim the plant and property and worn-out equipment is worth.

I hope this works, but I think it's a scam to get more free taxpayer money.

It does seem like a lot.

But they are taking resumes and are having a job fair on the 29th.

About Us – Expansion Industries


Not sure where they would be able to get free taxpayer money with this government. It isn't going to be a .gov ammo plant. I'm betting a lot of their investment money is going to the Feds, not coming from the Feds.

 

[Dumpstick]

It does seem like a lot.

But they are taking resumes and are having a job fair on the 29th.

About Us – Expansion Industries


Not sure where they would be able to get free taxpayer money with this government. It isn't going to be a .gov ammo plant. I'm betting a lot of their investment money is going to the Feds, not coming from the Feds.

Not all taxpayer money is Fed. There are many smaller cities that will shovel cash your way if you promise to bring a couple hundred jobs.

I'm just not liking the smell of this. If there was that much money to be made, one would think the big players would be doing it.