YOUR BUSINESS AUTHORITY
Springfield, MO
SRC Logistics Inc. is opening a new plant in Joliet, Illinois.
The more than 1 million-square-foot facility is the first for SRC Logistics outside of Missouri, said Amber Hall, spokesperson for the SRC Holdings Corp. subsidiary. SRC operates two other plants outside of Missouri: a NewStream Enterprises LLC facility in Joliet and SRC of Lexington Inc. in Kentucky.
SRC Logistics is scheduled to start hiring next month, with over 100 jobs expected to be created in the next year in Joliet, according to a news release. The company, along with other SRC subsidiaries, works in the remanufacturing industry.
The new plant is designed to manage the logistics of used components called cores – used in remanufacturing – on behalf of an undisclosed international automotive brand. Officials say the plant has the capacity to process 1.8 million pieces of core annually.
Like other companies under the SRC umbrella, the new plant will employ The Great Game of Business open-books management system created by SRC CEO Jack Stack.
“Our goal is to create a business of businesspeople who think, act and feel like owners,” said Eric Lindgren, general manager of SRC Logistics-Illinois Inc., in the release. “Employee-owners use what they have learned at SRC to build their communities and a stronger future.
"That’s what we want for Joliet.”
Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.