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Plant expansion in Three Rivers

August 24, 2012 by WLKM 

Mayor Tom Lowry and members of the Three Rivers City Commission have agreed to a tax-abatement request sought by Precision Wire Forms.

The action was taken during Tuesday’s meeting, when Lowry and commissioners mulled the 12-year Industrial Facilities Tax-Exemption Certificate for the West Broadway Road business.

Company officials indicated Precision Wire Forms is expected to make a $1.3 million investment in machinery and a number of accessories. The measure is expected to add five jobs to Precision’s current 54-person payroll.

Additions to the plant are expected to be in place by mid-summer next year.

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