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Jan 23rd, 2013
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Skeeter Boats Expanding #14608055 01/25/23 03:40 AM
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ogles824 (aka Lakewaydr50) Online Content OP
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My wife ran across this today.
https://www.kilgorenewsherald.com/news/kilgore-edc-skeeter-boats-expanding-into-former-halliburton-site/article_55783352-98e3-11ed-af98-5781384e7e78.html#:~:text=Skeeter%20Boats%20will%20be%20expanding%20their%20Kilgore%20footprint,of%20the%20City%20of%20Kilgore%20and%20other%20stakeholders.


2012 ZX200 Skeeter
2012 Yamaha 200 SHO

Isaiah 40:31 "but those who hope in the Lord will renew their strength. They will soar on wings like eagles, they will run and not grow weary, they will walk and not be faint.
On these Pro Staffs: McDonald's, Wendy's, Burger King, Chicken Express, Chick-Fil-A, and Dairy Queen.
Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608061 01/25/23 03:51 AM
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What does is say?


FishKen
Re: Skeeter Boats Expanding [Re: Topwater2] #14608065 01/25/23 03:54 AM
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Originally Posted by Topwater2
What does is say?

partnering with Halliburton on marine oilfield services

Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608067 01/25/23 03:58 AM
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Unfortunately you'll have to copy and paste into the address bar. I couldn't get it to load as a link. They will be building another facility @ an old Haliburton location.


2012 ZX200 Skeeter
2012 Yamaha 200 SHO

Isaiah 40:31 "but those who hope in the Lord will renew their strength. They will soar on wings like eagles, they will run and not grow weary, they will walk and not be faint.
On these Pro Staffs: McDonald's, Wendy's, Burger King, Chicken Express, Chick-Fil-A, and Dairy Queen.
Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608096 01/25/23 06:26 AM
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Originally Posted by ogles824 (aka Lakewaydr50)
My wife ran across this today.
https://www.kilgorenewsherald.com/news/kilgore-edc-skeeter-boats-expanding-into-former-halliburton-site/article_55783352-98e3-11ed-af98-5781384e7e78.html#:~:text=Skeeter%20Boats%20will%20be%20expanding%20their%20Kilgore%20footprint,of%20the%20City%20of%20Kilgore%20and%20other%20stakeholders.



is this some kind of super secret code?


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Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608101 01/25/23 09:31 AM
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Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608102 01/25/23 09:32 AM
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Quote
Skeeter Boats will be expanding their Kilgore footprint onto the former Halliburton site, the Kilgore Economic Development Corporation announced.

KEDC said the expansion comes through a purchase/sale agreement and economic development performance agreement with KEDC with the backing of the City of Kilgore and other stakeholders.

Under the project, Skeeter Boats will purchase the former Halliburton site on FM 349. KEDC said the project will stretch across the coming decade, adding more than 90 jobs and an estimated 25 percent increase in capacity with the investment in the two facilities.

“Skeeter Boats has been a high impact employer in Kilgore since the early 1970s and has been land-locked in their current location,” KEDC Executive Director Lisa Denton said. “This purchase will allow the company to achieve intentional growth of the Kilgore location over the next several years.”

KEDC said the initial project timeline is 18 months.

KEDC’s board of directors gave final contract approval on Jan. 17. The Kilgore City Council is expected to vote Feb. 20 on tax abatements for the project.

The two-phase project includes 12 acres, along with an option on the remainder of the 55.130-acre site. The capital investment for Phase 1 is estimated at $6.76 million and will include adding seven jobs, according to KEDC’s initial three-year Economic Development Performance Agreement with Skeeter.

Phase II starts about 30 months into the agreement, with Skeeter purchasing the remaining 43.125 acres of the former Halliburton site and construction of a new boat factory in years 3-5 of the agreement. The capital investment is estimated at $30 million and will include adding 84 jobs within seven years of the agreement.

Jeff Stone, senior vice president of Skeeter Products, said he was eager to bring more people into the Skeeter family and increase daily production capacity in Kilgore while simultaneously putting a neighboring property back in action.

“I’ve grown up in this area and this part of East Texas. It’s very important and very exciting to see that kind of revitalization take place,” he said.

This will be Skeeter Boat’s largest expansion ever. The company has been operating for 75 years — 50 of those in Kilgore.

“Across those years, the City of Kilgore and KEDC have been instrumental in our growth. They’ve been with us all these years along the way,” Stone added. “We owe them a great deal of thanks for their support, helping us out as we’ve grown.”

KEDC says they plan to assist Skeeter in requesting tax abatements for the project. The economic development corporation is owner financing the property purchase, with incentives being applied to the principal, as earned.

“With the unfortunate departure of Halliburton in 2020, the KEDC Board immediately recognized the need for acquisition of the property, with the sole intent of getting it back onto the tax rolls at its highest and best use,” Denton said. “Upon the closing of this sale, and with full support of the City Council, we will have accomplished that goal.”

KEDC said potential, performance-based incentives for capital investment and job creation include up to $354,525 paid during the three-year term of Phase I and up to $1.7 million in the seven years of Phase II.

“It’s exciting to see this project come to fruition,” KEDC Board President Bob Davis Jr. said. “To get to witness the continued growth of one of our major employers, and to play a small part in the process, is what KEDC is all about.”

Stone said they were thankful for assistance from KEDC and other taxing entities for their support.

“It’s also a boon to be able to expand into a currently vacant, under-utilized site and breathe new life into it,” he said. “It’s very essential in the sense of providing more diversity in the local economy in being able to use that property to provide additional jobs, additional tax base, which is very important to the city, the county, the school district.

“It’s win-win for the city, for Skeeter, for Yamaha, and especially for citizens in the area.”

KEDC said the expansion would enable Skeeter to “produce a variety of the smaller essentials for the boats — things like consoles, storage boxes and hatches — and bring those employees under one roof in Kilgore while adding more positions.”

“The new job growth will come from increasing our capacity from 12 boats to 15 boats a day,” Stone said. It takes about 125 hours to produce one boat, so the added manufacturing capacity equates to as many as 15 jobs per boat that’s added to the daily routine.


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Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608125 01/25/23 11:54 AM
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Someone should be along shortly to gripe about this because this expansion is going to cost money and that will increase the cost of the boats.

Re: Skeeter Boats Expanding [Re: Rescue Fire] #14608169 01/25/23 12:46 PM
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Originally Posted by Rescue Fire
Someone should be along shortly to gripe about this because this expansion is going to cost money and that will increase the cost of the boats.

They’re getting too big for their britches.


Eat. Sleep. Fish.
Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608195 01/25/23 01:21 PM
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Good for them.


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Grateful for every sunrise and sunset I get to witness. - Jason
Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608243 01/25/23 01:58 PM
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All the price hikes they’ve passed along in the last three years….now we know it isn’t the cost to manufacture…it’s the cost to acquire more land for an expansion. Lol


Eat. Sleep. Fish.
Re: Skeeter Boats Expanding [Re: SteezMacQueen] #14608259 01/25/23 02:09 PM
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Originally Posted by SteezMacQueen
All the price hikes they’ve passed along in the last three years….now we know it isn’t the cost to manufacture…it’s the cost to acquire more land for an expansion. Lol


Their price hikes were right in line with all the other manufacturers. It's a conspiracy I tell ya

Re: Skeeter Boats Expanding [Re: Rescue Fire] #14608266 01/25/23 02:14 PM
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Originally Posted by Rescue Fire
Someone should be along shortly to gripe about this because this expansion is going to cost money and that will increase the cost of the boats.



Yep.

Re: Skeeter Boats Expanding [Re: ogles824 (aka Lakewaydr50)] #14608308 01/25/23 02:51 PM
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I'm just glad that someone is using the Halliburton yard after they moved to Bossier City after being there for almost 100 years. Losing that business hurt the town.

Re: Skeeter Boats Expanding [Re: Mark Perry] #14608312 01/25/23 02:53 PM
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Originally Posted by Mark Perry
Originally Posted by Rescue Fire
Someone should be along shortly to gripe about this because this expansion is going to cost money and that will increase the cost of the boats.



Yep.


The high cost of boats has been there for several years now. Thats why I hang on to mine longer now. You cant flip them like you could several years ago without taking a hit in the checkbook!

Im shocked at the expansion more on the side of parts shortages and labor shortages. I mean, nobody wants to work anymore it seems! Most of the better selling boat manufacturers were having a hard time keeping up with demand just a year ago.

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