This Story is from the Category Local News Click Link to View all Stories
IBEC buys 100 new Railroad Tanker Cars for $11M
Jack Carlisle, his wife, Jeanette, and his daughters, Lisa Beaman and Michelle Carlisle are the owners of Iroquois Bio-Energy Company (IBEC) in Rensselaer, they are also large scale real estate developers in Wilmington, North Carolina and other locations.
Beaman said Monday that when IBEC officials were looking for a rail car manufacturer for tank cars that meet new federal safety requirements, quality and price were their biggest concerns. We evaluated at great length the rail car manufacturers. Vertex Railcar Corp of Wilmington, NC. Produces a superior product. They were competitive in pricing, so it was not a hard decision to go with them,” she said in an email.
She said she and her relatives felt Vertex would be “able to accommodate rail car changes in a matter of hours not months like other rail car manufacturers. We value our relationship with Vertex even more so after we became aware of Vertex’s philanthropic commitments to the community here in Wilmington where they operate.”
Vertex CEO Donald Croteau said the increase in productivity resulting from IBEC’s order and another recent car order will allow the company to hire at least another 150 employees over time. Citing competitive reasons, Croteau declined to give an exact count of how many people are currently employed at the 202 Raleigh St. facility in Wilmington.
In a Vertex news release, Jack Carlisle said of the purchase, “It’s more than a business transaction; it’s an economic event that impacts the whole community.”
Beaman said her family mainly uses local companies at the Indiana operation, She said 95 percent of the corn used in the production of ethanol at IBEC comes from Indiana farmers. The family’s IBEC plant is a $100 million asset in Indiana.
Press release from WilmingtonBiz.com website.