(BRK.A), (BRK.B)
Berkshire Hathaway’s tank car manufacturer and servicer UTLX, which it owns through its Marmon Group conglomerate, is expanding its facility in El Dorado, Kansas.
The goal is to add additional repair capability.
The expansion will add 70 employees.
The Durango facility dates back to the early 1960s and is located on 40 acres adjoining BNSF Railway.
The facility’s additions will include exterior blast and paint operations, a new welding and valve repair equipment operation, and improvements to buildings, utilities and track.
The facility currently handles repairs to tank cars used by ethanol firms and hopper cars that transport grain and food products.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.