China-based textile company bringing 800 jobs to Forrest City

Ruyi company leaders and Gov. Asa Hutchinson signed an agreement after making the announcement Wednesday at the State Capitol. (Photo courtesy: Gov. Asa Hutchinson's office)

Shandong Ruyi Technology Group, the largest textile manufacturer in China, is establishing its first North American facility in Forrest City, a move that is expected to create 800 new jobs.

Company leaders and Gov. Asa Hutchinson made the announcement Wednesday afternoon at the State Capitol.

The company, headquartered in China, says it will invest $410 million in Forrest City's former Sanyo manufacturing facility, where Arkansas cotton will be spun into yarn for textile use.

Renovations of the building are set to begin late 2017, with production beginning by mid-2018. The company plans on processing more than 200,000 tons of cotton annually from the facility.

“Ruyi’s decision to locate in Forrest City brings with it up to 800 new jobs along with a significant economic impact on Arkansas’ cotton farmers,” said Governor Hutchinson. “Our business missions to China, along with ongoing work to build relationships with the country’s business leaders, have now resulted in three companies from China’s Shandong Province announcing plans to locate operations in Arkansas. From Sun Paper to Pet Won Pet Products to Ruyi, we have established the state as a leader in foreign direct investment from Asia.”

The Arkansas Economic Development Commission says the average pay at the facility will be $15.25 per hour.

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