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FROM SITE SELECTION MAGAZINE, NOVEMBER 2022 ISSUE
From the May Issue

NEBRASKA

The Carbon Capture Race is Heating Up in Nebraska

The builder of a $2.5 billion pipeline moves from Dallas to Omaha to oversee the project.

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From the September Issue

GERMANY

Foreign Investment Rebounds to Near Pre-Pandemic Level

A 7% year-over-year increase in greenfield operations launched by foreign companies took place in Germany in 2021.

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 CONWAY DATA SNAPSHOT 
This SEZ in Gabon is one of a growing number developed by ARISE across several African nations.
Photo courtesy of ARISE

Pan-African developer and operator ARISE Integrated Industrial Platforms (ARISE IIP) in November announced the signing of a convertible loan note subscription agreement backing the fundraising of $85 million, supported by the Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export Import Bank (AFREXIMBANK). ARISE currently manages 12 integrated industrial zones across Africa, including locations in Benin, Gabon, Republic of Congo, Ivory Coast, Nigeria, Rwanda, Chad and the Democratic Republic of the Congo. This year the company has signed five new agreements to develop 12 more special economic zones across five countries:

  • A framework agreement signed with the Government of Rwanda for the development of an industrial zone in the Bugesera;
  • A framework agreement signed with the Democratic Republic of the Congo for the development of the Kin-Malebo industrial zone;
  • A framework agreement signed with the Republic of Congo for the development of the industrial zones of Pointe-Noire and Oyo;
  • A funding agreement signed with the Republic of Chad for the development of seven economic zones across the country;
  • A binding agreement signed with the State of Ogun of Nigeria for the development of the Remo Economic Industrial Cluster via three SEZs.

This last project involves an investment of $400 million by ARISE. “Located in the Sagamu area, the three zones will create nearly 12,000 direct and 20,000 indirect jobs and aim to attract an estimated $1 billion in foreign direct investment for phase 1,” the company said in November. “Construction will begin in January 2023 and the zones are expected to be fully operational by the fourth quarter of 2024.” Phase 1 consists of 549 hectares (1,357 acres) while the total Remo cluster consists of more than 15,560 acres. The zones will focus on agro-processing, light industrials, pharmaceuticals, and logistics.

Conway Data’s Projects Database shows just over 100 major corporate facility projects documented in the countries ARISE operates in over the past decade, with the vast majority in Nigeria. Among the most recent is Coleman Technical Industries’ fiber-optic cable manufacturing site in Arepo, Ogun State, where an initial 500 jobs may grow to as many as 800. Earlier this year, Kimberly-Clark inaugurated a new $100 million diaper plant in Ikorodu, Lagos, that is creating 1,000 direct and indirect jobs initially, with potential to quintuple that number within five years of operation. — Adam Bruns

 

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ARKANSAS ECONOMIC DEVELOPMENT GUIDE 2022-23

UNIVERSITIES & RESEARCH

From Classroom to Career

How Arkansas universities are tackling nationwide workforce challenges.

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From the September Issue

TARGET INDUSTRIES

Running on All Cylinders

Arkansas is winning through specialization and diversification.

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 SITE SELECTION RECOMMENDS 

AMP Robotics’ new HQ unites staff from two previous locations at one modern facility in Louisville, Colorado.

Photos courtesy of AMP Robotics

In July 2021, a Site Selection Investment Profile documented the growth and talent at AMP Robotics in Colorado. In November, the AI and robotics company specializing in waste and recycling solutions celebrated the opening of its new corporate headquarters in Louisville, Colorado, uniting staff from the company’s previous locations in Louisville and Broomfield at a new 84,000-sq.-ft. facility. “We’re so pleased to be building our technology here in Colorado, where the state’s Advanced Industries Accelerator Grant program helped AMP get off the ground, starting with just a few people with a vision for how artificial intelligence could transform recycling,” said CEO Matanya Horowitz, the Colorado native who founded the company in 2014 after graduating from the University of Colorado Boulder. “We see our journey as an example of what’s possible in the state.” The company’s technology is deployed at a growing number of locations across the nation and around the world. AMP employs 200 today, and anticipates hiring more in the near future, with 11 of 15 advertised positions today located in Colorado.

AMP Robotics Founder and CEO Matanya Horowitz (left) and Colorado Gov. Jared Polis celebrate the HQ’s grand opening with AMP Robotics employees.

 

 PROJECT WATCH 

Mexico

Laval, Québec–based Savaria Corp., a provider of accessibility solutions, has opened a new 95,000-sq.-ft. factory in Querétaro City where production of the Savaria Multilift, a popular vertical platform lift for home and commercial applications, is already underway. Savaria says the facility is modeled after its successful subassembly plant in Huizhou, China. “The proximity to the U.S. market will reduce lead times and freight costs, as well as adding overall capacity to meet revenue growth,” Savaria stated. With the addition of the Mexico operation, Savaria has over 1 million sq. ft. of distribution and production space over 17 facilities across Canada, the United States, Mexico, Europe and China. The company employs approximately 2,250 people globally.

Source: Conway Projects Report

South Korea

As documented by Maeil Business News Korea and others, homegrown healthcare company Huons will invest about 24.5 billion won ($18.3 million) to expand production capacity for injectable products at its home base in Chungbuk Province to meet growing demand from overseas following U.S. FDA approval of four products. A new vial line will increase production by 2.5 times to 74 million vials annually, while a new cartridge line will produce 71 million. The expansion follows the establishment of a second factory at the location two years ago.

Source: Conway Projects Report

 

 

 PHOTO OF THE DAY 
Photo courtesy of Kansas State University

This photo from Kansas State University shows the beauty of the state’s Flint Hills ecosystem, a tallgrass prairie that extends into the Osage Hills of northern Oklahoma. “At one point, 150 million acres of tallgrass prairie stretched from Texas to Canada,” says the Flint Hills Discovery Center. “The majority transformed into the agricultural heartland of America through 200 years of settlement and development.” Humans have lived in the Flint Hills for more than 13,000 years. The Flint Hills contain fossils over 250 million years old. (Watch for more about the unique assets to be found in Kansas in the 2023 Kansas Economic Development Guide coming soon from the Conway Custom Content division.)

 
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