Canadian-based manufacturing company DBG will establish its US headquarters in Conway at the IC Corporation facility.
DBG supplies heavy truck, automotive, agriculture and commercial industries with custom metal products.
"Conway’s almost 100-year history with the bus and heavy truck market is as old as modern manufacturing itself," Mayor Bart Castleberry said in a statement. "The fact that a growing company like DBG recognizes and invests in our manufacturing future is an honor. The entire city is excited to welcome DBG as our newest US Headquarters and corporate citizen."
DBG plans to keep on the more than 200 employees who currently work for IC, the bus company located on Dave Ward Drive.
Peter Chapman, a former IC employee, was named general manager of DBG Conway. He said in a news release the company plans to "double its business" by 2022 but didn’t say how many more jobs that would create.
"Our plans are to not only proudly serve the needs of Navistar but to diversify and secure long-term employment for all of the Associates at the Conway facility," Chapman said in the release. "The Company has aggressive plans to double its business over the next [five] years. This will require substantial investment in facilities and equipment while in turn creating significant employment opportunities that are less reliant on the seasonality of the bus market."
The Conway City Council during a called meeting Monday issued $5.2 million in bonds to acquire and refurbish the bus facility in order to offer DBG tax incentives to set up in Conway. Because the building is publicly owned, it won’t be subject to property taxes.
However, the city and DBG will sign a lease giving the company use of the facility. In turn, the company — and not the city — will be responsible for paying the bonds.
Conway Area Chamber of Commerce President and CEO Brad Lacy said he has been working with DBG for about a year and he is excited to see it grow in Conway.
""DBG has been recognized as one of Canada’s best managed private companies and one of the best to work for," Lacy said in a statement. "Our team has seen firsthand how thoughtful and growth-oriented they are. They are the perfect fit to carry on Conway’s legacy of advanced manufacturing."