Eastern Wire Jacksonville Expansion Boosts Baling Wire Capacity
Eastern Wire Products, Inc. purchased new property in Jacksonville, Florida, to expand its manufacturing operations. The company will invest $1.5 million to renovate the site for steel wire and related products. As a result, the Eastern Wire Jacksonville Expansion strengthens the family-owned business and supports future growth.
Upgraded Facility and Space Plans
Eastern Wire, founded in 1972, has worked from a leased multi-tenant building in Jacksonville for many years. Now, the company is buying a 78,000-square-foot structure that needs significant upgrades. Of that space, about 21,000 square feet remains leased to another business. However, Eastern Wire plans to use that area too once the lease expires or is terminated.
The company focuses on baling wire, including bale ties and straight-and-cut wire, for recyclers and industrial users. Currently, Eastern Wire employs 42 full-time workers, and the expansion should eventually create about 10 additional jobs.
Project Investment and Improvements
Overall, the project will cost an estimated $4.4 million. This budget includes about $3 million for site acquisition and demolition, $500,000 for infrastructure improvements, $650,000 for building renovations, and $240,000 for machinery and equipment purchases. Together, these investments will modernize the facility and increase production efficiency.
“This is a tremendous opportunity to establish a home for our third-generation wire fabrication company,” said President Mark Yates. He added that his father and grandfather both wanted a long-term base for the business, and this project finally delivers that vision.
Modern Equipment and Customer Benefits
With help from city of Jacksonville grants, Eastern Wire will create a modern manufacturing facility that includes state-of-the-art bale tie equipment. Consequently, the company expects to operate more efficiently and serve customers more effectively.
The Eastern Wire Jacksonville Expansion positions the company as an even stronger baling wire manufacturer and supplier to customers across North America.
