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Home United States

LG and other renowned companies prefer to invest in Tennessee

Hispanic Entrepreneurs by Hispanic Entrepreneurs
November 7, 2023
Reading Time: 4 minutes read
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LG and other renowned companies prefer to invest in Tennessee
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The good news continues to come to Tennessee. The great potential of this state draws the attention of important companies in the field of technology. The most recent case is that of the LG company, which laid the foundations for its new appliance factory in the city of Clarksville with an investment of $ 250 million dollars.

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The factory promises to be one of the most advanced in the country as it will have the capacity to assemble a washing machine every 10 seconds and change models in less than four minutes. The huge 304.8-square-kilometer facility will employ 600 people full-time; an excellent opportunity for residents of Montgomery County and surrounding areas.

Operations will begin in the first quarter of 2019 only with the production of front and top-loading washing machines, however, the project is created with a view to the development and assembly of other types of household appliances.

“We could not have selected a better location for our state-of-the-art facilities. Today's groundbreaking work in Clarksville takes us one step closer to producing premium LG washers in the United States, ”said Dan Song, President of LG Home Appliance and Air Solutions Company in a statement released by LG.

Google also put the magnifying glass on Clarksville by investing $ 500 million dollars in the construction of a data center located in the former facilities of Hemlock Semiconductor, one of the main producers of polysilicon (used for the manufacture of solar panels) in the United States. United in the 60s.

The purpose is to reuse the place to enhance the data center that will allow employing more than 70 people, including computer technicians, engineers, security and maintenance personnel. Montgomery County has been for Google the perfect blend of a consolidated business environment, appropriate energy and technology infrastructure and urbanized land.

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Other companies that make life in Tennessee include Mitsubishi Electric Power Products, which is responsible for providing electrical and electronic products and services to US water treatment, rail transportation, and energy systems; Alstom Power, which deals with electric power generation and train manufacturing; and SIAG Aerisyn, which manufactures tubular steel wind towers and turbines.

More production

The branch of the energy and technology industry is not the only one that has diversified in the state. In the town of Smyrna is the factory of cars, trucks and SUVs (Sport Utility Vehicle) of the Nissan company. This plant is the assembler of two of the best-selling cars in the United States, although it produces six vehicle models.

It has an annual production capacity of 640 cars, making it one of the leading companies in the automotive sector within the United States, while playing an important role in exports by taking its vehicles to 60 countries around the world.

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Nissan's Smyrna headquarters was opened in 1983 and employs more than 8.400 people, but it's not the only operations center the company has in Tennessee. Nissan has a vehicle engine manufacturing plant in the city of Decherd, whose production numbers are just as brilliant. In 2016 they reached a record of 10 million units produced, managing to assemble a new engine in just 19 seconds.

Another of the automotive companies that chose Tennessee as its operations center is General Motors (GM), which, although it has given cause for talk due to a series of massive layoffs, still maintains its production of vehicles such as the Cadillac XT5 and SUV trucks. GMC Acadia midsize. Even last September the company announced that it will invest $ 254 million in its Spring Hill plant for the assembly of the new Cadillac SUV model.

Volkswagen was not far behind. In 2011, it opened its Chattanooga headquarters with a capacity to produce 150.000 vehicles a year, bringing its Volkswagen Passat model to the US market.

For initiatives like these Tennessee is considered one of the main vehicle assemblers, managing to occupy 6.7% in the national production of cars, trucks and SUVs. The list of companies that are taking advantage of the business opportunities of this state has grown and the forecasts continue to be favorable.

Sources:

  • https://www.huffingtonpost.com/2012/07/11/fabricas-automotrices-estados-unidos_n_1661804.html
  • https://www.google.com/about/datacenters/inside/locations/montgomery-county/
  • https://www.eluniverso.com/tendencias/2017/09/22/nota/6394750/general-motors-anuncia-despidos-planta-tennessee
  • http://www.tnecd.com/industries/automotive/

Related Notes:

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Series - Hispanic Entrepreneurs Know your rulers | 1- Jim Durrett Mongotmery County Mayor

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Expectation in Tennessee for the future of DACA

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