# Shandong Ruyi Technology Group to invest $410M in Arkansas textile plant

Shandong Ruyi Technology Group will invest $410 million in the former Sanyo facility in Forrest City, Arkansas, creating up to 800 jobs. The plant will spin Arkansas cotton into yarn, with renovations starting in late 2017 and production expected by mid-2018.

- Type: New facility
- Announced: 2017-05-10
- Where: Forrest City, Arkansas, United States
- Value: $410.0M
- Jobs: 800
- Starts operating: Jul 2018
- Status: announced
- Capacity: 200,000 tons of cotton annually
- Products: cotton yarn
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shandong Ruyi Technology Group](https://endata.com/companies/24165.md)

## Sources

- [arkansasedc.com](https://www.arkansasedc.com/news-events/newsroom/detail/2017/05/10/shandong-ruyi-technology-group-to-create-up-to-800-new-jobs-in-forrest-city), 2017-05-10: "Ruyi's renovations on the former Sanyo building are scheduled to begin in late 2017."
- [katv.com](https://katv.com/news/local/china-based-textile-company-bringing-800-jobs-to-forrest-city), 2017-05-10: "Ruyi's decision to locate in Forrest City brings with it up to 800 new jobs along with a significant economic impact on Arkansas' cotton farmers."
- [scmp.com](https://www.scmp.com/business/commodities/article/2093858/chinese-textile-firm-investing-us410-million-us-state-arkansas), 2017-05-10: "This is not only great for Arkansas, but it's ... going to give an economic boost to a region that deserves it and has worked very hard for it."
- [businessfacilities.com](https://businessfacilities.com/shandong-ruyi-technology-group-chooses-arkansas-for-first-north-american-facility/), 2017-05-11: "Our manufacturing facility in Arkansas will become the first milestone of Ruyi's steps into the United States."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.