Department of Economic Development announces expansion of Cuba electrical product manufacturer, expected creation of 47 new jobs

May 1, 2013

CUBA – The Missouri Department of Economic Development (DED) announced today that a company that produces high quality electrical products will be expanding its manufacturing operations in Cuba. The expansion by Meramec Electrical Products will consist of a $5.7 million capital investment that is expected to create 47 new full-time jobs.
 
Meramec Electrical Products, founded in 1969, engineers and manufactures a broad range of custom-made instrument current transformers for the power transformer and high-voltage circuit breakers markets. The company’s current expansion will add new production lines and increase production capacity in order to meet the growing demand for Meramec Electrical’s innovative products.    

Missouri’s favorable business climate and innovative resources are creating economic growth around the state. Meramec Electrical Products’ expansion is the fifth significant expansion announcement by a manufacturer in Missouri in the past month, joining CertainTeed Corporation (100 new jobs, $100 million capital investment) in Jonesburg, Adrian Steel (39 new jobs, $4.7 capital investment) in Kansas City, Yanfeng Automotive Trim Systems (263 new jobs, $45 million capital investment) in Riverside and Brewer Science (65 new jobs, $20 million capital investment) in Rolla. 

Some of Missouri’s resources and initiatives that have aided business expansions include the Certified Work Read Community Program, export assistance, customized job recruitment and screening, Certified Site designation, LocationOne site and building database, and others that can be found at www.ded.mo.gov.

To assist Meramec Electrical Products with its expansion, the Department of Economic Development has authorized a strategic economic incentive package that the company can receive if it meets strict job creation and investment criteria.

 

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