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Samsung Supplier Expected to Spend $575M on New Facility
It’s the gift that keeps on giving. The $17 billion Samsung plant in Taylor continues to drive economic opportunity in the Austin metro area.
Soulbrain Holdings has moved a step closer to building a $575 million phosphoric acid plant on 85 acres it purchased at the RCR Taylor Logistics Park last year. The company has successfully lobbied the Taylor City Council for incentives, all but cementing the deal.
Soulbrain has committed $175 million in the initial construction phase, and it expects to attempt a second, $400 million construction phase.
The first phase of the project is slated to start in January and be completed by January 2029, with the second phase scheduled to start by January 2029 and be completed by January 2033.
In 2023, the economic impact of the plant for the Taylor area was $26.8 billion—nearly doubled compared to $13.6 billion in 2022.
- ◦Development
