New Knoxville Plant Will Create More Than 200 Manufacturing Jobs
Knoxville, Tenn. (WATE) – State officials announced on Wednesday that a major auto parts manufacturing company will invest more than $8 million to build a new plant in Knoxville. The move is expected to create more than 200 jobs in the region.
ATC Drivetrain, a global remanufacturer of automotive powertrains and transmission systems, will invest $8.3 million and create 218 new manufacturing jobs in Knox County over the next five years.
The site is expected to begin production in April 2022 and will support the company’s remanufacturing and battery lifecycle management activities.
“This expansion is driven by increased demand from our customers, and the Knox County location is particularly well suited for our future plans, as Tennessee and the wider region is home to a rapidly developing electrification ecosystem. We greatly appreciate the support of the State of Tennessee in this expansion,” said Greg Heald, President and CEO of ATC Drivetrain.
“These 218 new jobs will be a tremendous boost to our local economy,” said Sen. Becky Massey (R-Knoxville). “I commend our local officials and economic development officials, Governor Lee and our Department of Economic and Community Development for their role in bringing this investment to Knox County. It was teamwork. Thank you, ATC Drivetrain for your confidence in the Knox County Worker.
The Knoxville plant will be the company’s third manufacturing site in the United States, following two manufacturing plants and a distribution center in Oklahoma City, Oklahoma.
“Tennessee has become a national hub for the automotive industry thanks to our highly skilled workforce, thriving economy and strong business climate. I thank ATC Drivetrain for their decision to invest in Knoxville and wish them welcome to Tennessee.
Governor Bill Lee
The Tennessee Department of Economic and Community Development has supported 13 economic development projects in Knox County over the past 5 years, resulting in more than 1,400 employment commitments and approximately $158 million in investments in capital.
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