Mike Favreau the President and CEO of Powder Innovations stated “We spent over a year looking and working with various other cities throughout North Texas to locate and build our manufacturing hub for powder coating wood. Before choosing Paris,we worked with and looked at setting up operations in Greenville, Rocklin, Gainesville, Hillsboro, Bonham and Honey Grove.”
According to Mr. Favreau, “The key reason we decided to move to Paris has been the initial and continued generous support throughout the process we have received from the Paris Economic Development Corporation Board and staff. Their ability to understand, support and meet our needs for growth helped make our decision easy.”
For the past year,the company has made substantial investments in the community i.e., employees, facility upgrades with local contractors, utilities and other services expenses. The additional 8 acres deeded to the company as an incentive by the Paris EDC now puts themin a position to begin to meet their growth objectives. Over the next 12-24 months the company is projected to hire between 12-24 people and begin the construction of their new facility.
The Company has developed a process to powder coat engineered wood which offers consumers a durable, environmentally friendly cost effective alternative to traditional laminates and liquid coatings.
The Company will be manufacturing home organization systems, children and dormitory furniture as well as entryway doors.
The Company recently entered into an agreement with a major Do-It-Yourself retailer to produce their home storage line. This new business has begun to positively impact local businessessuch as Rodgers Wade and We Pack. Mike Favreau states “both entities are strategic to our overall growth plans.”
With the current business and new product launches scheduled for 2015 the company is expecting steady growth. With this growth, comes the need for land and additional manufacturing facilities that will house wood working, finishing and warehousing for both incoming raw materials and finished goods.
The Company takes pride that their products are made in the U.S. To emphasize this, the Company has adopted the slogan “Imported from Paris Texas“. Management is very excited about the future and very appreciative of all the support they have received from the Paris EDC and the community of Paris, Texas.