From the St. Louis Business Journal:
Mar 19, 2018, 7:28am CDT
World Wide Technology is planning an expansion of its Metro East industrial facilities that could bring as many as 500 new jobs to Edwardsville.
Maryland Heights-based World Wide Technology, which is one of the region’s largest private companies, currently occupies 1.6 million square feet of industrial space in two buildings in Edwardsville. The company’s lease on those facilities expires in 2020, and upon the lease’s expiration, the company plans to move into two new 1-million-square-foot buildings to be developed by TriStar.
TriStar will break ground on the new buildings in the Gateway Commerce Center, just a few miles from World Wide Technology’s current facilities, in the coming weeks.
With the move, World Wide Technology plans to increase its number of employees at the facilities from the current 1,200 to up to 1,700 over the next five years. The new jobs will focus on technical engineering and warehouse logistics.
“This investment will further expand our capacity and ability to serve our customers domestically and around the world,” CEO Jim Kavanaugh said in a statement.
The company plans to begin the first phase of moving into the new facilities in May 2019 and wrap up the move by mid-2020.
World Wide Technology reported $10.4 billion in revenue last year and employs 4,500 people, including 2,100 locally.