PARAGOULD - Corbitt Manufacturing, a subsidiary of railcar manufacturer American Railcar Industries, said Wednesday it will spend about $3.5 million to build a facility in Paragould that will employ up to 60 people.

ARI has operated a freight railcar assembly factory in Paragould since 1995 and a second assembly plant in Marmaduke since 1999. The two facilities currently employ a total of about 1,000 people.

The Corbitt plant will produce components that go on the railcars the existing ARI facilities produce. Construction is expected to begin later this month.

“The proximity of the new facility to our railcar manufacturing plants and the work ethic of people in northeast Arkansas were two of the factors in choosing to start up a new facility in Paragould,” Jeff Hollister, president and CEO of ARI, said in a statement. “We are excited with the possibilities the Corbitt operations will likely bring to the city of Paragould as we expand our strong workforce and continue to support the success of our business.”

Gov. Asa Hutchinson said in a statement, “We are pleased to welcome ARI’s Corbitt manufacturing operations to Arkansas. Corbitt is a key part of the company ARI, who has a long history in Arkansas and has undergone several expansions over the years that have resulted in high-paying jobs in northeast Arkansas. I have no doubt that northeast Arkansas’ talented workforce will allow Corbitt and ARI to continue to grow and thrive here for many years.”

Information on positions that will be available at the new facility can be obtained by calling the Paragould Workforce Office at (870) 236-6785 or visiting www.arjoblink.com.