The Little Rock Board of Directors approved the sale of 15 acres of land to Synthesia Technology
Little Rock, Arkansas – The Little Rock Board of Directors voted on Tuesday afternoon to sell 15 acres of land, worth more than $700 thousand, to a plastics manufacturing company that will be located in the Port of Little Rock.
“We’re excited to have them,” said Little Rock Port Authority executive director Bryan Day. “You know the Port of Little Rock is home to other plastics manufacturers. We’re home to other global companies, and Synthesia Technologies is a great fit for our industrial park.”
Synthesia Technology, a Spanish-based company, was looking for a new North American facility and landed right in Little Rock. “It’s another global industry that has chosen Little Rock, Arkansas to call home. So it puts us on the global map,” said Day.
According to Day, it’s an important move, especially when you factor in the global supply chain issues as it now takes even more time to import goods.
“So many of our goods have been off-shored, outsourced to other countries. We did that in the 70s and 80s. Now manufacturers are wanting to come back,” he added.
According to Day, they’re working on several projects with companies who are also considering a move to the port, adding. “I think in the next three to five years, you’re going to see a huge trend in new manufacturing, not only in Little Rock but all across the country as well as distribution centers all across the country.”
They’ll expect construction to begin in the next 60 to 90 days, Day said.