Continental Casting launches $2.6 million expansion, plans to create 80 jobs
Posted:
Updated:
Gov. Jay Nixon, speaking at Continental Casting's Monroe City facility Tuesday, said the state will help out the company's $2.6 million expansion plan with $313,000 through the Enhanced Enterprise Zone tax program. (H-W Photo/Steve Bohnstedt)
By DOUG WILSON Herald-Whig Senior Writer
MONROE CITY, Mo. — Continental Casting of Monroe City and Palmyra is expanding and will add 80 new jobs during the next two years.
The company has 215 employees and will add 43 in Monroe City and 37 in Palmyra, said company President David Berry.
"This is part of our strategy. We gave ourselves five years to be back at capacity, and we should make that happen," Berry said.
Gov. Jay Nixon was at Continental Casting's Monroe City facility Tuesday to announce the $2.6 million investment and expansion. The state will help out with $313,000 through the Enhanced Enterprise Zone tax program, Nixon said.
"Missouri job creators know they can count on our low taxes, skilled workforce and great communities to help their business succeed. That's why we will continue to fight for every job, every day, to keep our economy moving forward," Nixon said.
The company produces aluminum, magnesium and zinc die cast items for the automotive, communications and electronics industries as well as consumer products.
Monroe City Mayor Neal Minor said die-making companies helped build Monroe City from the 1960s through the 1990s. When the original owners retired, the company was owned and operated by out-of-state and foreign investors. The Intermet went through bankruptcy and the Monroe City and Palmyra die-casting plants closed during the recession. They were bought by Continental Castings in October 2009.
"They're running a great company," Minor said.
Nixon said Missouri is "the best place in the Midwest for entrepreneurs and manufacturers to turn their ideas into prosperity."
CNN-Money recently rated Missouri as the nation's sixth-best state for new business start-ups in its "10 Most Entrepreneurial States for 2011," with Missouri being the only Midwestern state in the Top 10. In addition, Missouri's state exports were up 6 percent during the first two quarters of 2012 compared to 2011, a year when the state of Missouri set a record with $14.1 billion in export sales revenue.
Saturday, May 18 2013 10:05 PM EDT2013-05-19 02:05:41 GMT
By DEBORAH GERTZ HUSAR Herald-Whig Staff Writer Eli Pontius was raring to go well before the starting line. He and his twin brother, J.C., were going to have an easy time finishing Saturday's Bridge
Eli Pontius was raring to go well before the starting line. He and his twin brother, J.C., were going to have an easy time finishing Saturday's Bridge the Gap to Health 5K leisure walk -- thanks to a stroller ride...
Friday, May 17 2013 10:59 PM EDT2013-05-18 02:59:42 GMT
Dick Koetter, left, shares a laugh with Larry Sheffler and Bill Waters, rights, Friday at the reunion of the 126th Supply and Service Company at Cedar Crest Country Club. (H-W Photo/Phil Carlson)
By STEVE EIGHINGER Herald-Whig Staff Writer Joe Koetters has no problem remembering way back when. Late 1968 and most of 1969 represent a special time for Joe and his brother, Dick, plus more than
Joe Koetters has no problem remembering way back when. Late 1968 and most of 1969 represent a special time for Joe and his brother, Dick, plus more than 140 of their comrades in the Army National Guard's former 126th...
Sunday, May 19 2013 11:11 AM EDT2013-05-19 15:11:04 GMT
By MAGGIE MENDERSKI Herald-Whig Staff Writer Tears streamed down Maria Buchanan's face and dripped into the pile of crack cocaine in her lap. She'd finally hit bottom. Her addiction spanned two
Tears streamed down Maria Buchanan's face and dripped into the pile of crack cocaine in her lap. She'd finally hit bottom. Her addiction spanned two decades, numerous jobs, significant others and jail stays....
Sunday, May 19 2013 12:06 AM EDT2013-05-19 04:06:09 GMT
By DON O'BRIEN Herald-Whig Staff Writer Matt Burry is hoping to clear the air with golfers who use Westview Golf Course about proposed changes to holes 19 through 27 at Quincy's public golf course.
Matt Burry is hoping to clear the air with golfers who use Westview Golf Course about proposed changes to holes 19 through 27 at Quincy's public golf course. "Once they see the plans, they will understand things a...
Saturday, May 18 2013 11:30 PM EDT2013-05-19 03:30:02 GMT
By EDWARD HUSAR Herald-Whig Staff Writer CANTON, Mo. -- Jesse Soondrum came from one of the world's luxury tourism destinations to attend Culver-Stockton College in Canton. Four years later, Soondrum,
CANTON, Mo. -- Jesse Soondrum came from one of the world's luxury tourism destinations to attend Culver-Stockton College in Canton. Four years later, Soondrum, 23, is leaving C-SC with a bachelor's degree in...
Saturday, May 18 2013 10:40 PM EDT2013-05-19 02:40:11 GMT
By DEBORAH GERTZ HUSAR Herald-Whig Staff Writer BARRY, Ill. -- The Western School Board has approved steep increases to the book rent/technology fee, boosted the activity fee and plans a hearing in
BARRY, Ill. -- The Western School Board has approved steep increases to the book rent/technology fee, boosted the activity fee and plans a hearing in June to triple the driver's education fee. Superintendent Carol...
Saturday, May 18 2013 10:31 PM EDT2013-05-19 02:31:50 GMT
By DEBORAH GERTZ HUSAR Herald-Whig Staff Writer Adam Losch hopes to conquer what thousands of others have tried, but only three successfully. Defeating what's billed as the most difficult obstacle
Adam Losch hopes to conquer what thousands of others have tried, but only three successfully. Defeating what's billed as the most difficult obstacle course in the world carries with it a $500,000 cash prize and a title...
Saturday, May 18 2013 1:11 AM EDT2013-05-18 05:11:00 GMT
The Quincy Society of Fine Arts threw a birthday party gala Friday night complete with a toast to its founder and first president George Irwin.
The Quincy Society of Fine Arts threw a birthday party gala Friday night complete with a toast to its founder and first president George Irwin. "We need to raise our glasses to the man who founded this 65 years ago, the...
Saturday, May 18 2013 1:05 AM EDT2013-05-18 05:05:37 GMT
Tracy Marlow and her daughter, Dakota Turkle, have been through a lot together.
Tracy Marlow and her daughter, Dakota Turkle, have been through a lot together. They took their mother-daughter relationship to a new level Friday when both donned caps and gowns for John Wood Community College's...
Saturday, May 18 2013 12:42 AM EDT2013-05-18 04:42:00 GMT
By MATT HOPFHerald-Whig Staff Writer Legislation that would open primary elections to 17-year-olds in Illinois is on its way to Gov. Pat Quinn's desk after the Senate overwhelmingly approved it earlier
Legislation that would open primary elections to 17-year-olds in Illinois is on its way to Gov. Pat Quinn's desk after the Senate overwhelmingly approved it earlier this week. The teens will be able to vote in spring...
Gov. Jay Nixon, speaking at Continental Casting's Monroe City facility Tuesday, said the state will help out the company's $2.6 million expansion plan with $313,000 through the Enhanced Enterprise Zone tax program. (H-W Photo/Steve Bohnstedt)
