By NEMS Daily Journal
TUPELO – An airplane recycling company will move its operations from Arkansas to Tupelo this month.
David Rumbarger, president and CEO of the Community Development Foundation, said a formal announcement, including details, will be made March 19. He was unable to provide any other information, including the number of jobs involved.
The company, Universal Asset Management, currently disassembles both wide-body and narrow-body planes in Walnut Ridge, Ark.
According to a report from KAIT in Jonesboro, Ark., the Memphis-based company is moving to Tupelo because the Walnut Ridge airport can no longer accommodate the wide-body work.
In Tupelo, the facility will deal with large aircraft like the 747 and 767, the station said.
In a statement on the company’s website, Chief Operating Officer Keri Wright said that effective this month, UAM will transfer its warehouses in Pocahontas and Walnut Ridge and Pocahontas, Ark., to a 453,600-square-foot facility in Tupelo.
“This expansion will allow for centralized warehousing of all aircraft inventories and improved component inventory shipment efficiency to UAM’s global airline customer base,” according to the statement on the website.
The KAIT report quoted Walnut Ridge Mayor Don House as saying that the company told him that it expected “perhaps 45″ aircraft this year.
“We can accommodate a few,” he said, “but we can’t accommodate bunches of them.”
For more on this story, see Sunday’s Daily Journal.