Owens Corning is investing $107.25 million to build a new manufacturing facility on 56 acres adjacent to its current property in Fort Smith.
The company announced Monday that the 550,000-square-foot plant is scheduled to begin operations in 2023 and will add five new employees. The current site will be shut down and the 79 employees there will transfer to the new plant.
"We're proud to have been part of the Fort Smith community for more than three decades and we look forward to future growth," said Marcio Sandri, president of the composites business at Owens Corning. "With this new state-of-the-art facility, Owens Corning is investing in the future of Fort Smith and our business."
The Fort Smith facility manufactures insulation, roofing and fiberglass composite materials.
The Arkansas Department of Transportation invested $262,500 for roadway improvements to support the expanded facility.