Harmon Industries, Inc.
NASDAQ: HRMN
For Release at 7:00 A.M. CDTCharles M. Foudree
(816) 229-3345
Harmon Industries Announces Plans for Expansion in Warrensburg BLUE SPRINGS, Mo. (Monday, May 19, 1997) -- Harmon Industries, Inc. today announced that it has purchased a facility and additional 15 acres in the Warrensburg Industrial Center, four miles east of the Harmon facilities currently located in Warrensburg.
An existing building on the new property will be utilized immediately for assembly and wiring purposes. Ultimately this property, along with the other Harmon facilities in Warrensburg, may be developed into a multi-facility high-tech complex.
Harmon currently employs approximately 300 people in Warrensburg. With this addition, the company anticipates the creation of 100 new jobs through the end of this year.
"Our business is rapidly growing," said Björn Olsson, president and chief executive officer of Harmon. "We're adding employment and manufacturing resources to support that growth, including expansion projects in both Grain Valley and Warrensburg. Specifically, the addition in Warrensburg is in response to the growth of our systems wiring business, which is largely based there."
Harmon executives and Warrensburg city officials will preside over a ribbon cutting ceremony for the site at 9:00 a.m. today.
Harmon Industries, Inc., is a leading supplier of signal and train control products to railroads and transit systems throughout North America and the world. Its stock is traded on the Nasdaq Stock Market under the symbol "HRMN." For further information, please contact Charles M. Foudree, executive vice president-finance and chief financial officer, Harmon Industries, Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is (816) 229-3345.
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