Posted on 11/11/2022 5:22:08 AM PST by rellimpank
ELLABELL, Ga. (AP) — An Italian-owned company will invest $60 million in coastal Georgia to build a plant to make and distribute ammunition, with plans to hire 600 people.
Norma Precision will build its facility near the site of the new Hyundai electric vehicle plant in Bryan County, just northwest of the Georgia coastal city of Savannah.
In July, Italian gun maker Beretta bought Norma Precision and other ammunition makers from RUAG International, a company owned by the Swiss government, for an undisclosed price. Norma Precision had already announced that it was moving its headquarters to Georgia, setting up a factory in the Savannah suburb of Garden City.
Norma said 88 current employees in Georgia would be offered transfers. Employees will make an average of $57,000 a year, said company spokesperson Rose de Vries.
Last year, Norma Precision said it imported more than 400 containers of ammunition from factories in Europe, while also delivering more than 30 million cartridges of ammunition made in the U.S. De Vries said Norma would also export ammunition from the Georgia plant.
Norma Precision will qualify for a Georgia tax credit allowing it to annually deduct $3,500 per job from state income taxes, up to $10.5 million over five years. If Norma Precision doesn’t owe that much income tax, it will be able to recover the rest of the credit from state income tax payments made by workers.
(Excerpt) Read more at msn.com ...
I wish I was a younger man. I’d move…
That would be a great job.
Texas needs a major arms and ammunition maker
Will there be a factory outlet store nearby? I don’t mind shooting ammo that has ugly brass.
“Employees will make an average of $57,000”
Around $27 an hour.......not all the money in the world but IIRC that area is very affordable to live in.
Gun and ammo manufacturers are all moving to red states. They know that the democrat states make the cost of doing business increasingly higher with the goal of putting them out of business entirely.
"If you want to sell our guns, you must sell our ammunition."
or
"If you want to sell our ammunition, you must sell our guns."
The small shop and the consumer risk losing choices in both type and cost of guns and ammo.
Norma makes some of the best brass cases in the world.
Pricey, though.
Hmmm..... the equation
Best = Pricey
Glad to hear it as I live on the outskirts of Savannah.
Will bode well for the robust shooting community here.
No, it won’t. Federal and CCI are two of the largest, if not THE largest current ammunition factories in the US, and neither one is a firearm manufacturer. The additional competition should help lower ammunition prices and bring the availability back up.
Norma makes high quality products. I use their brass when I’m able.
L
Primers have been a choke point in ammunition supply.
The company, Expansion Industries, has invested over $100 million so far.
They have had to navigate "Miles of red tape and mountains of paperwork, that I can tell you," according to the CEO.
Can I take my work home with me?
We need more ammo makers and oil refiners and everything else we have a shortage of.
Primers have been a choke point in ammunition supply.
This is looking rather weird.
Might be a scam, or over-hyped.
I will be checking into it.
***They know that the democrat states .... with the goal of putting them out of business entirely.***
Quite a difference from sixty years ago when New England politicians called for a ban on the import of “Evil Army Surplus Rifles” because one used in the JFK killing.
Actually it was to protect home industries such as Winchester, Remington and Savage from cheap imports. A $10 dollar army surplus rifle vs. a Winchester at ten times the price.
They got the ban in 1968, till Reagan got it removed.
Now the New England politicians are out to completely drive the gun and ammo makers out of their states.
Who wants SS crap anyhoo.
These companies need to use social media against the potential rat job seekers to ensure only the “highest quality” job candidates (red) get the jobs.
Winchester redid (ruined) the Model 70 in 1964. Remington retooled to make a cheaper bolt-action, the Model 700 in 1962. Savage had been working on the Model 110, so called because it retailed for $110, for years, and patented it in 1963. The JFK assassination may have been a convenient talking point, but economics drove the changes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.