Development is moving forward on the new Triumph Group, Inc. facility in Red Oak. The Ellis County Commissioners Court approved the addition of two new building to the tax abatement agreement at Tuesday’s meeting.
These additions make a total of three buildings for Triumph at the Red Oak Industrial Park.
Red Oak Mayor Alan Hugley said the city was up against some fierce competition for these two new buildings that Triumph was looking to build from other cities in and outside of Texas.
One of the new buildings will have a footprint of around 600,000 square feet with two mezzanine levels adding another 100,000 square feet. This gives the building around 800,000 square feet of production space.
The other is still on the drawing board and is proposed as an office and engineering space. It would house around 200 engineers and professional staff and about 50 executive staff members. Both new buildings will add about 850 jobs to the current maximum of 275.
Hugley said the total investment that the Triumph Group is making on the property is around $150-$170 million with the construction of this campus. Total employees working on the site each day will be around 1,100-1,200 people.
Ellis County Judge Carol Bush said by Triumph investing in Red Oak it will help to create more jobs and give a boost to our local economy. By Triumph making a long-term investment it will also encourage other companies to come to the county.
Triumph broke ground in November 2011 on the first 240,000 square-feet, $70 million manufacturing facility. The building was completed in about eight and a half months and Triumph received its certificate of occupancy in September. The facility is designed to manufacture wings for the Bombardier 7000/8000 business jet and employees 275 people at full capacity.
The site for the new buildings at the Red Oak Industrial Park is located between Methodist Street and North Central Boulevard and is situated south of Farm-to-Market 664 on Austin Boulevard.
The court approved a letter of support for the city of Red Oak’s application to expand the foreign trade zone located at the Red Oak Industrial Park. Commissioners also approved the amended and restated tax abatement between the county and Triumph, which will abate 70 percent of the property taxes for seven years for all three buildings.
About Triumph Group, Inc.
A division of the Triumph Group, Inc. is Triumph Aerostructures – Vought Aircraft Division, which purchased Dallas-based Vought Aircraft Industries, Inc. in June 2010. This division designs, tests and manufactures aerostructures for commercial, military and business jet aircraft. Products include fuselages, wings, empennages, nacelles and helicopter cabins.