European manufacturing company announces $100 million investment in Arkansas

LITTLE ROCK, Ark. (KAIT/KARK) — A Luxembourg-based company is expanding its global reach to Arkansas.

According to content partner KARK, the Faymonville Group announced on Tuesday, October 29, that it will install a production site in the Port of Little Rock.

Board member Anne Faymonville said the commitment is a $100 million investment that would result in 500 jobs and a 60,000-square-foot facility.

The project is expected to create 389 additional indirect and induced jobs in the Little Rock region while generating $239 million in revenue.

You can read more about the announcement on the KARK website.

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