http://stlouis.bizjournals.com/stlouis/stories/2004/09/06/daily27.html
East Alton's Winchester Ammunition to move line to Mississippi
Winchester Ammunition, a division of East Alton, Ill.-based Olin Corp., will move a manufacturing operation from East Alton to Oxford, Miss., taking about 150 jobs with a payroll of $3.5 million.
The plant, to be located in the former Emerson Electric building in Oxford, will manufacture, package and ship .22-caliber rimfire ammunition and industrial power tool loads.
Ann Pipkin, a spokeswoman with Olin in East Alton, said the move would allow the company to reduce its costs and improve efficiencies, including in the new facility, and better use existing technology. "All of those impact profitability in the product line," she said.
Pipkin said the company wasn't sure how many employees would make the move, which is expected to be complete by the end of March 2005.
Winchester officials said last year that Oxford was a candidate for the relocation of part of its East Alton operation. East Alton will continue to produce other Olin products and continue as the company's headquarters.
Through incentives and other financial assistance from the Mississippi Development Authority, Lafayette County will make infrastructure improvements to accommodate the Winchester plant and purchase the Emerson building. It will be leased to the company to house its operation, according to the authority. Winchester will identify the procedure for applying for employment in a later announcement.
East Alton, Ill.-based Olin Corp.'s (NYSE: OLN) Winchester unit supplies sporting ammunition, canister powder and reloading components to recreational shooters and to military and law enforcement agencies. The East Alton facility employs about 3,500 workers, Pipkin said.
© 2004 American City Business Journals Inc.