THE LONGVIEW ECONOMIC DEVELOPMENT CORPORATION APPROVES A PERFORMANCE CONTRACT WITH KEEPRITE REFRIGERATION

The Longview Economic Development Corporation (LEDCO) Board of Directors voted to approve a performance contract with KeepRite Refrigeration.

KeepRite Refrigeration, a leading North American manufacturer of commercial refrigeration products, plans to expand their existing facility located at 1998 FM 2011. The company will make a capital investment of $4.5 million, including a 57,000 sq. ft building expansion, new equipment and the creation of fifteen new jobs.

“It is certainly exciting to announce a partnership with KeepRight on their proposed expansion. KeepRight continues to grow along with the City of Longview and Gregg County and we look forward to working with them on this expansion.”Wayne Mansfield, LEDCO President/CEO

“Our business has been growing on average over 20% in the last 10 years. Around 10% of growth in the next five years has been forecasted. As the result, additional employees, equipment and floor space are required. Currently we are planning on adding approximately 57,000 sq. ft to the existing building.” Frank Xu, KeepRite Refrigeration General Manager

About KeepRite Refrigeration

KeepRite Refrigeration is a leading North American manufacturer of commercial refrigeration products. These products include specialized applications in food storage and processing, industrial process cooling, including evaporator coils, condensing units, condensers, heat transfer and heat recovery and air conditioning products. From the smallest unit to the very largest, KeepRite Refrigeration brings experience and commitment to the refrigeration industry - beginning with the product design and engineering, and continuing through manufacturing, sales and after-market support.

About LEDCO

The Longview Economic Development Corporation was created by the voters of Longview in 1991 under the Development Act of 1979 (Texas Revised Civil Statutes Article 5190.6) section 4A for the purpose of creating and retaining primary jobs. The Corporation’s independent board of directors, five voting members, five non-voting members, is appointed by the mayor and city council. The Corporation owns two business parks in Longview with 1,200 acres of land.