CHEYENNE, Wyo. (AP) — An ammunition company intends to open a manufacturing plant in Laramie.

Wyoming Gov. Matt Mead announced Tuesday that Maverick Ammunition, which is also known as Ammo Kan, intends to employ more than 50 people at its Laramie plant.

Mead's office released a statement quoting Ammo Kan CEO Curt Perry saying the company has leased a building in Laramie. Perry states he expects the facility will be producing 1.8 million rounds per week by the second half of 2014.

Dan Furphy, president and CEO of the Laramie Economic Development Corporation, said Ammo Kan has existing operations in Colorado.

Furphy says the company plans to start in Laramie by manufacturing practice ammunition and later will expand into hunting ammo. He says it will manufacture its own cartridge components.