A $22.4 billion Fortune 500 company will soon call McKinney home.
On Friday, McKinney announced green recycling business Wistron GreenTech will establish its U.S. recycling campus in McKinney. Wistron GreenTech specializes in electronic material recycling and precious metals refining and will bring 80 jobs to McKinney with anticipated growth to 120 jobs in the next two years.
“Wistron is delighted to be making McKinney the home of our U.S. electronics recycling operation. McKinney is an excellent community for our employees to live and work. City government from the administrations and City Council plus MEDC (McKinney Economic Development Corporation) have all been extremely helpful and supportive during the entire process, welcoming our green recycling business to their community,” said Joseph Hsu, General Manager, Wistron GreenTech (Texas) Corp.
City officials and MEDC have worked with Wistron executives for nearly two years to facilitate the sale of the building they will occupy and bring their business to McKinney. Mayor Brian Loughmiller and MEDC Vice President Abby Liu visited Wistron executives at their global headquarters in Taipei, Taiwan in October 2011. State Representative Ken Paxton also assisted the recruitment process.
“Business development is our City Council’s top priority. McKinney went through an extremely competitive international site selection process to bring Wistron GreenTech to our city, and we are thrilled that this day is here,” said Loughmiller.
Wistron GreenTech was formed in 2010 as a wholly owned subsidiary of Wistron Corporation, a Fortune 500 company. It is part of the Wistron Green Recycling business that also has a plastic recycling facility in Kunsan, China. The U.S. recycling campus being established in McKinney will include operations for IT asset recovery and the recycling and refining of circuit boards and batteries.
“During Wistron’s, 2011 Site Selection Survey, North Texas emerged as the premier metropolitan area for the company to establish a U.S. recycling hub and refining campus. We evaluated numerous facilities in the DFW metroplex and are very pleased to have purchased a site that meets our current needs and has an additional 37 acres available for future expansion,” said Bill Long, Strategic Director, Wistron GreenTech (Texas) Corp.
Wistron GreenTech will move into an existing 209,000 sq. ft. facility in the industrial area in McKinney near Collin County Regional Airport. The capital investment for Phase 1 equals about $14 Million in the first year of operation, growing by $4 Million in Phase 2 and projected to grow by an additional $3 million in Phase 3. Wistron GreenTech anticipates moving in to the new facility in January of next year.