Corsicana Daily Sun, Corsicana, Texas

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June 29, 2010

New products, new jobs

Russell Stover granted tax abatements for new product line projects

Corsicana — Russell Stover Candies is creating 55 new jobs at its Corsicana plant after tax abatements to begin work on a private reserve product line and a new creme egg product were approved by Navarro County Commissioners Monday.

The first tax abatement was approved for a “Private Reserve” product line of chocolate with a higher target price, and will create 25 new full-time positions, and bring improvements valued at just over $1 million.

Up to 30 full-time positions will also be created for production of a new “Créme Egg,” a product similar to Cadbury’s Creme Egg, with the second tax abatement, representing another $1.2 million of improvements to the Corsicana plant.

“We value our assets and the plant and the people in Corsicana,” said Russell Stover Candies’ Chief Financial Officer David Shapland. “Consumers vote with their dollars and they like our brand. We make so many different products. I am sure this will increase output.

“Excitement for the production is well founded in Corsicana. It is a vote of confidence for our Corsicana team. This extends the product portfolio for the plant.”

The plant will be installing new machinery in preparation for the expansion and expects to have filled most positions and start production by the end of the year.

“The important thing for us is they could have implemented this expansion at any one of several locations across the country, but they chose Corsicana,” said Lee McCleary, Corsicana and Navarro County economic development director.

“They are bringing money, jobs, and investment to Corsicana. The thing that I’m really interested in, is that while across the country we are losing jobs, in Navarro County we are creating jobs,” he said.

“There are people in this community that have families to feed and this is a great opportunity for them. Russell Stover is a great company,” McCleary said.

—————

Oliver Sheehan may be reached by e-mail at oliver@corsicanadailysun.com. Want to “Soundoff” on this story? E-mail: soundoff@corsicanadailysun.com

 

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