(South Point, Ohio) McGinnis Inc. has started construction on a new $5.7 million boat and barge manufacturing and repair facility on the Ohio River. The 127,000-square-foot site will be in addition to the company s existing facility there.
Ground has already been broken and the project should be complete this fall. The new facility, which will be located on the river between South Point and Sheridan, could boost the company s capacity as much as threefold, according to Bruce McGinnis Sr., chief executive officer. The high price of fuel has given a big lift to McGinnis business, especially over the last six months, so the building investment made good sense.
We felt it was a good time to do it considering the way things are shaping up in our industry, he said. We can move things a lot more efficiently by water than they can by truck or rail.
McGinnis Inc. was founded in 1913 by McGinnis s great-great grandfather.
The company is a subsidiary of McNationals Inc., which operates more than 30 towboats across five shipyards. In addition to its South Point location, the company also has shipyards in New Orleans; St. Louis; Paducah, Kentucky; and Cincinnati.
The company has about 250-275 employees in South Point and McGinnis expects to add as many as 75 once the new facility is up and running. Across its five locations, McNationals employs about 1,000. Lawrence County received a $500,000 grant from the state to install electrical lines and a substation to support the project. That work is in progress. The grant was part of a Small Cities Community Development Block Grant award.
Ricky Lee Griffith, President
502 Second Street
South Point, Ohio 45680
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