The push to urge U.S. manufacturers with overseas factories to bring them back to America and create new jobs is having a positive impact on the City of Hazelwood. Trans-Lux, a global manufacturer of LCD and LED displays, has begun shifting more of its production back to the U.S. from Shenzhen, China, and is relocating to a large warehouse facility at Aviator Business Park, the former site of a Ford assembly plant.
Over half of Trans-Lux ‘s production already occurs in a 68,000 square-foot plant in Des Moines, Iowa. The company’s Fair-Play Division currently has two separate operations there. One of them will be relocating to Hazelwood in addition to most, if not all, of its production workload from China.
The City of Hazelwood worked aggressively with Missouri Partnership and St. Louis County Economic Development Partnership to convince Trans-Lux to choose Hazelwood for its relocation. The City won over Trans-Lux by offering the company a $650,000 loan through its Local Option Loan Fund for relocation expenses. Trans-Lux, in return, promises to bring 90 more jobs to the local workforce each with an average salary of $41,411. The seven-year loan transaction was approved by the Hazelwood City Council on June 15, 2016.
“Trans-Lux is one of many new businesses choosing Hazelwood as their company headquarters. The addition of this profitable high-tech company not only strengthens our City’s industrial base, but it’s bringing more good paying jobs to our local workforce as well,” said Hazelwood city manager Matthew Zimmerman. “Hazelwood is uniquely positioned to welcome more manufacturing firms with the expansion of industrial warehouse space at Aviator Business Park and Hazelwood Logistics Center, as well as Park 370.”
Trans-Lux has relocated to Aviator Business Park in Hazelwood which is being developed by Panatonni Development Corporation. The company is leasing 66,000 square-feet of space inside a large warehouse facility shared by two other businesses, Silgan Plastics and Weekends Only. Trans-Lux has made a commitment to invest $2.35 million in this new location.
The company’s manufacturing history includes 96 years of innovation. Trans-Lux was the first pioneer of electronic ticker technology and installed its system at the New York Stock Exchange (NYSE) IN 1923. It still manages the electronic ticker boards, making it the longest serving vendor to the NYSE. In addition, Trans-Lux designs, manufactures, markets and services LED displays and lighting solutions for a wide range of business, sports, residential and government applications. In 2015, the company generated $23.6 million in revenue. Only Trans-Lux delivers truly integrated LED display and lighting solutions that can transform venues into events with the highest levels of performance and cost-efficiency.
To view the news release issued by the Missouri Partnership, click here.