Ammunition Maker to Invest $60M in Georgia Plant, Hiring 600

[GodFearinGunTotin]

"An Italian-owned company will invest $60 million in coastal Georgia to build a plant to make and distribute ammunition, with plans to hire 600 people.

Norma Precision will build its facility near the site of the new Hyundai electric vehicle plant in Bryan County, just northwest of the Georgia coastal city of Savannah."

Ammunition Maker to Invest $60M in Georgia Plant, Hiring 600

Gun and ammunition makers have been leaving their traditional homes in the U.S. Northeast.

www.ien.com

 

[Expat]

That's good, but why Georgia, it could go completely commie at any moment.

 

[Bugzilla]

Hopefully it’s stay in business longer than the ev plant.

 

[blain]

That's good, but why Georgia, it could go completely commie at any moment.

I'm guessing it's got more to do with $$$. Every little bit helps.

"Norma Precision had already announced that it was moving its headquarters to Georgia, setting up a factory in the Savannah suburb of Garden City.

Norma said 88 current employees in Georgia would be offered transfers. Employees will make an average of $57,000 a year..."

"Norma Precision will qualify for a Georgia tax credit allowing it to annually deduct $3,500 per job from state income taxes, up to $10.5 million over five years. If Norma Precision doesn't owe that much income tax, it will be able to recover the rest of the credit from state income tax payments made by workers.

Bryan County officials have also approved a 10-year property tax break for the company. That could be worth $2.7 million, depending on tax rates and property values..."

 

[drillsgt]

That's good, but why Georgia, it could go completely commie at any moment.

Ha, I was going to post the same thing before I started reading down, GA is no longer reliably Red.

 

[COOPADUP]

Nice to hear more companies stepping up.
Competition, in theory, should equal better prices for consumers.

 

[DadSmith]

"An Italian-owned company will invest $60 million in coastal Georgia to build a plant to make and distribute ammunition, with plans to hire 600 people.

Norma Precision will build its facility near the site of the new Hyundai electric vehicle plant in Bryan County, just northwest of the Georgia coastal city of Savannah."

Ammunition Maker to Invest $60M in Georgia Plant, Hiring 600

Gun and ammunition makers have been leaving their traditional homes in the U.S. Northeast.

www.ien.com

Does this mean American made Norma 7.62x39mm?

 

[Leadeye]

Hopefully it’s stay in business longer than the ev plant.

Might be part of the plan, eventually the costs and reality will catch up to electric vehicles and much of the industry will end. Cheap hi tech plant next door for expansion.

 

[blue2golf]

Georgia just rejected election denier Stacy A., much better than old firearms stalwarts like Connecticut or New York.

Tennessee or Alabama would be better choices.

 

[johntheplinker]

I guess Norma got tired of buying junk from LC and decided to make their ammo themselves.

 

[Creedmoor]

I guess Norma got tired of buying junk from LC and decided to make their ammo themselves.

lol. Norma has been manufacturing ammunition for 120 years.

 

[johntheplinker]

lol. Norma has been manufacturing ammunition for 120 years.

Yep,I know that. They also were buying from LC and having all kinds of issues with that ammo.

 

[Creedmoor]

Yep,I know that. They also were buying from LC and having all kinds of issues with that ammo.

The 55 gn ball in Norma brass?

 

[Ark]

I'm guessing it's got more to do with $$$. Every little bit helps.

"Norma Precision had already announced that it was moving its headquarters to Georgia, setting up a factory in the Savannah suburb of Garden City.

Norma said 88 current employees in Georgia would be offered transfers. Employees will make an average of $57,000 a year..."

"Norma Precision will qualify for a Georgia tax credit allowing it to annually deduct $3,500 per job from state income taxes, up to $10.5 million over five years. If Norma Precision doesn't owe that much income tax, it will be able to recover the rest of the credit from state income tax payments made by workers.

Bryan County officials have also approved a 10-year property tax break for the company. That could be worth $2.7 million, depending on tax rates and property values..."

I know Georgia practically hands out money to the film industry. I'm sure their taxes and incentives are quite friendly to others as well.

 

[ditcherman]

That's good, but why Georgia, it could go completely commie at any moment.

They don’t not want the ammo plant, they want to control the ammo plant.

 

[CallSign Snafu]

More ammo = good.

 

[MrSmitty]

Yay!! more ammo!!!!!! And when the electric vehicle plant goes down, Norma can expand there.....
for what it's worth I think Hybrid cars are a better idea than all electric...."Can I borrow a bucket of electricity?".....said no one ever!

 

[schmart]

Overall I think it is awesome to have more ammo being made in the US. However, I do wonder how this will impact the availability of powder and primers for reloaders. I wouldn't think that they can be making both of these items, plus cases and projectiles for a $60M investment, so have to wonder where they will be coming from?
--Rick

 

[Rayz]

Well good news is they aren't going out of business. Now if we could get more primer plants

 

[bgcatty]

Maybe some outside competition would be good for the overall market in the USA. Hello Vista Outdoor; are you listening?