Auto Parts

New Knoxville facility to develop more than 200 production work

KNOXVILLE, Tenn. (WATE) – Point out officials on Wednesday introduced a main auto pieces producing enterprise will devote above $8 million to create a new facility in Knoxville. The go is expected to deliver above 200 jobs to the region.

ATC Drivetrain, a global remanufacturer of automotive powertrain and drivetrain methods, will invest $8.3 million and produce 218 new production employment in Knox County about the upcoming 5 yrs.

The web page is scheduled to get started creation in April 2022 and will support the company’s remanufacturing and battery everyday living cycle administration enterprises.

“This expansion is driven by improved desire from our prospects, and the Knox County place is specially effectively suited for our potential options as Tennessee, and the broader location, are home to a rapidly producing electrification ecosystem. We significantly recognize the Point out of Tennessee’s assist with this growth,” reported Greg Heald, president & CEO, ATC Drivetrain.

“These 218 new employment will be a tremendous improve to our local economic climate,” Sen. Becky Massey (R-Knoxville) said. “I congratulate our neighborhood officers and financial development leaders, Governor Lee and our Office of Economic and Neighborhood Enhancement for their part in bringing this investment to Knox County. It was a staff effort and hard work. Thank you, ATC Drivetrain for your self confidence in the Knox County worker.”

The Knoxville facility will be the company’s third manufacturing site in the U.S., pursuing two producing amenities and a distribution centre in Oklahoma City, Oklahoma.

“Tennessee has come to be a countrywide hub for the automotive market with our very competent workforce, thriving economy and potent company local weather. I thank ATC Drivetrain for their choice to make investments in Knoxville and welcome them to Tennessee.”

Gov. Invoice Lee

The Tennessee Office of Economic and Local community Progress has supported 13 economic development projects in Knox County about the previous 5 decades, ensuing in much more than 1,400 occupation commitments and close to $158 million in funds financial commitment.

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