NC: Ruger Expands production, buys third factory – Up to 10 new gun lines

 

 Excerpt

The Facility and Labor Force

Ruger seems to have found the ideal location in Mayodan, NC, and is expecting to finalize the purchase this month.  That would give the company up to four months to bring one of these new guns online in time for the SHOT Show 2014 in January.

The 221,600 sq. ft. facility is a former textile plant that has been unused since 2007.  There is little work needed to bring the plant online Fifer said in the company’s August 1 earnings call.

The Mayodan plant sits on more than 50 acres, which would allow for additional expansion by Ruger at a later date.

Statements by Fifer on April 30 suggest about 50 employees will be hired immediately and up to 100 by year’s end.

Fortunately for Ruger, Mayodan has a good labor force and the state appears to be welcoming the company with open arms.  So far, the company has held two job fairs and the response has been excellent.

“[The] caliber of potential employees is impressive,” said Fifer.

Ultimately, the Mayodan facility could employ up to about 500 – 700 people, with roughly 100 each year being added until the company reaches that number.  That would be close to Ruger’s Prescott facility that employs around 750 people.

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