GULFPORT, MS (WLOX) - Governor Phil Bryant announced Monday Towanda Metadyne Inc. will be acquiring the former Hydro Carbide Facility in the industrial park off Seaway Road in Gulfport.
"Towanda Metadyne" will locate it's tungsten manufacturing operation in the old "Hydro-Carbide" facility. The site has been vacant for the past six months, after the former tenant decided to consolidate its operations elsewhere.
"I appreciate the team at Towanda Metadyne for choosing to expand their operations to Gulfport, bringing new life to an existing facility and creating new jobs for the area's workforce," Governor Bryant said. "Mississippi competes on a global scale, including in advanced manufacturing, and I thank the company chose to bring these jobs to Harrison County. I wish the Metadyne team many years of success in Gulfport."
The new business will manufacture tungsten drill bits and other components used in the mining, construction and defense industries.
"This acquisition will complement our growth strategy by expanding our production capability and capacity, product offering, and distribution footprint," said Metadyne President Dr. Raman Daga.
Towanda Metadyne will create about 20 new jobs with the new plant.
"It also proves that Harrison County can compete globally. Because this company could have gone to China or some other location in the world, but they chose Harrison County, because we have the workforce and we've got the skill sets to meet their needs," said Harrison County Economic Development Commission Executive Director Bill Hessell.
"We salute the leadership of the Harrison County Development Commission and the Harrison County Board of Supervisors who, along with MDA, helped bring this great company to Gulfport," said MDA Executive Director Glenn McCullough. "The productivity of the region's workforce will provide the company with the competitive edge its needs for many years of success in our state."
Hessell said the new company has purchased the property and should be "up and running" later this month.