Newspaper article THE JOURNAL RECORD

Norwesco Plans to Build Tank Plant in Edmond

Newspaper article THE JOURNAL RECORD

Norwesco Plans to Build Tank Plant in Edmond

Article excerpt

By Darrell Morrow Feature Editor Industrial revenue bond financing of $1.4 million is being sought through the City of Edmond by Norwesco Inc., a Minneapolis, Minn., company, to build a satellite plastic tank production plant in Edmond.

Norwesco builds plastic storage and transport tanks for fluids and chemicals, water cistern storage, and septic tanks.

The industrial revenue bond proposal has not yet been submitted to the Edmond City Council for action, nor a contract signed, said John Kinnamon, executive director of the Edmond Industrial Development Authority. The company's board of directors, however, made the decision about 30 days ago and definitely plans to locate the plant in Edmond, said Rick Aronson, Norwesco sales manager.

The Edmond plant would be about 15,000 square feet in size and use a large outside storage lot for warehousing. It would employ 15 to 20 people, Aronson said.

Construction is expected to begin in late spring, about May or June, and the plant ready for full production by November, Aronson said.

The plant will be an automated plant with a 500-degree oven capable of curing tanks from 200 to 5,000 gallons, Aronson said.

Once the oven is fired, the plant will operate 24-hours a day for five days each week before it is shut down, Aronson said.

Marketing area for the Edmond plant would be about a 500-mile radius of the plant and Mexico, said Jim Hudson, Vian, Okla., who is sole marketing distributor for tanks produced by Norwesco. Hudson operates the distribution under the company name of J.B. Associates.

Aronson said the company is the largest producer of rotational moulded tanks in North America. It has other plants in St. Bonifacius, Minn.; Toelle, Utah; Sheldon, Iowa; Lancaster, Ohio; and Winkler, Manitoba, Canada.

Norwesco operated as a publicly held stock company more than 40 years before it was bought and turned into a private company by a venture capital division of Norwest Bank of Minneapolis, Minn. …

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