Southwire to expand operations in Carroll County
U.S.-based Southwire plans to expand its presence in Carroll County, Georgia, creating 375 jobs and investing $95 million into the project over the next four years.
The news, reported by local media, cited Gov. Nathan Deal and local officials as saying that they were pleased that Southwire will continue to expandi its presence in Georgia. Per the reports, Southwire has bought a 144,000-sq-ft facility in Villa Rica and has entered into a contract with Sony Music Holdings, Inc., to purchase Sony Music's 635,000-sq-ft facility in Carrollton, the purchase contingent upon completion of a 120-day due diligence period.
A Southwire spokesman told WJI that the goal is to produce substation cable at the Villa Rica plant, and that plans have yet to be finalized for the configuration of the other site. He explained that two separate sites were chosen as they each will make different products for different Southwire divisions. Production in Villa Rica, he said, will start by the end of the year.
"Southwire continues to pursue meaningful growth across all of our markets as we strive to become and remain leaders in each of those businesses," said Southwire President and CEO Stu Thorn. "These facilities and the new jobs they provide are tangible proof of that commitment. They also demonstrate our commitment to focus new growth in our hometown of Carrollton, which has contributed immeasurably to our success."
Founded in 1950 and based in Carrollton, Southwire notes that one in three homes built in the U.S. has wire made by the company, which supplies half of the utility cable used to distribute electricity throughout the country.