Trinity share's plans with WF city leaders
Trinity, the company that purchased DMI last fall, has recently shared their plans for their plant in West Fargo with city officials. They will be building products for the energy services industry. Specifically in West Fargo that means storage vessels for products such as propane, water and anhydrous. These will be 100,000 gallon tanks and the first vessel was shipped from West Fargo last Monday.
"After a phenomenal 2012 for our community, this is a tremendous way to start 2013. We have been anxiously waiting to hear their plans and we are excited to welcome Trinity to the region," said Mayor Rich Mattern.
About 40 people have been working for Trinity in the old DMI plant for the past six weeks. The company plans to add over 75 employees in the coming months. "In addition to the jobs, perhaps the most exciting aspect of this venture is the division of Trinity which the West Fargo plant is part," shared Mark Vaux, West Fargo Economic Development Director. "This plant will be under Trinity Containers, LLC which is the legacy business of Trinity."
Based in Dallas, Texas, Trinity Containers, LLC is a leading manufacturer of pressure vessels in North America. The company's product lines include tanks for residential use and custom containers for a wide variety of products and applications. Trinity Industries, Inc. is a multi-industry company that owns a variety of market-leading businesses which provide products and services to the industrial, energy, transportation, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group and the Energy Equipment Group. Common stock is traded on the New York Stock Exchange under the symbol TRN.
Trinity's businesses provide capital goods and services ranging from railcars to barges, concrete to propane tanks, highway guardrail to structural wind towers, railcar parts to crash cushions, and railcar leasing and management services.
Of the three DMI facilities purchased by Trinity, the West Fargo plant is the first to be fully operational.
"Our proximity to the oil patch and our transportation infrastructure are key components to this opportunity. We will be able to serve their needs from coast to coast here in West Fargo. We look forward to a long and prosperous partnership with Trinity," concluded Mattern.
