FORT SMITH (AP) - A Georgia-based manufacturer says it will invest $12 million in a metal processing plant at Chaffee Crossing in Fort Smith.
The Fort Chaffee Redevelopment Authority approved a plan Thursday to donate 11 acres of land for the new plant to be built by Phoenix Metals Co.
The Southwest Times Record reports that the plant will initially employ 40 people over the next three years, with jobs paying about $15 per hour.
Officials expect the 65,000-square-foot plant to be completed by September. Phoenix operates in 12 other state distributing aluminum, stainless steel, copper and carbon steel products.
The company says it picked Chaffee Crossing because it wanted a new plant along Interstate 40 between Russellville and Tulsa, Okla., to serve customers in the area.Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.