A ‘bulging’ Lincoln Industries starting largest expansion yet
digg it!
Facebook
del.icio.us
Seed Newsvine
Fark It
Reddit
By JEAN ORTIZ/Lincoln Journal Star
Lincoln Industries will take on a $10 million, 132,000-square-foot addition that will be its largest expansion ever, company officials announced.
The company, best known for its work in metal finishing, will add production and warehousing space to its 300,000-square-foot complex at 600 West E Street and set up the company to grow its business through 2010.
“This is basically allowing us to grow to the future,” Lincoln Industries spokesman Steve Bauer said.
Lincoln Industries has seen some big changes in the last year, including a hiring spree that brought in more than 150 new employees.
In May, the company, founded as Lincoln Plating in 1952, became known as Lincoln Industries to better reflect the diversity of its services. Besides plating, services today include engineering, assembly, packaging and logistics management.
So growth has come, and come quickly.
“We’re just bulging,” Bauer said.
Construction on the first phase, adding 30,000 square feet of production space for polishing operations and 54,000 square feet of warehouse space, is expected to begin next week, he said.
Scheduled for a fall 2008 completion, the addition will allow Lincoln Industries to consolidate all of its polishing and warehousing operations on its 30-acre main campus.
The second phase, beginning in 2008, will add a new chemical warehouse and other warehouse space. It is scheduled for completion in January 2009.
“This has been an exciting growth period for our company,” said Chairman and CEO Marc LeBaron in a prepared statement. “... The ground we are breaking on will give us the ability to expand and grow our business through 2010.”
The company today employs 630 people and sales this year are expected to exceed $100 million.
The expansion won’t bring new product or more jobs, but the company hopes it will eliminate the need to lease space at Air Park, Bauer said. Lincoln Industries now uses more than 80,000 square feet there for warehousing, production and assembly.
“We want to consolidate everything we can at this space,” he said.
As for future growth, it’s not ruled out, Bauer said. The company is in no danger of outgrowing its West E Street site.
“I think we have room for more,” he said. “Thirty acres is a lot of ground.”
Reach Jean Ortiz at 473-7107 or jortiz@journalstar.com
Post Your Comment
Standards and RulesYour posted comment will appear after it has been approved.
Frequently asked questions about story commenting.