Emerson Will Invest $100m to Build or Expand Several Office and Manufacturing Facilities

Back in October Emerson announced that its Board of Directors had approved new investment of about $100 million to build, expand or renovate several Emerson office and manufacturing facilities over the next two years. This included investing $30 million to construct a new world engineering and manufacturing headquarters in Houston for the Emerson Process Management Valve Automation business. Construction is just now getting underway for the 205,000-square-foot facility. Back in October Emerson announced that its Board of Directors had approved new investment of about $100 million to build, expand or renovate several Emerson office and manufacturing facilities over the next two years. This included investing $30 million to construct a new world engineering and manufacturing headquarters in Houston for the Emerson Process Management Valve Automation business. Construction is just now getting underway for the 205,000-square-foot facility. "Emerson is a financially strong company and we are investing globally for the next generation of innovation and growth, as global demand is still positive," said Emerson Chairman and CEO David Farr. "We continue to expand our capabilities and provide the highest quality and most energy efficient products and services to our customers." Source: valvemagazine.com