- Powdered metal manufacturer to expand Pennsylvania-based operations to Northeast Tennessee
- Symmco will invest $13 million, create more than 80 new jobs in Surgoinsville
SURGOINSVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and Symmco Inc. officials announced today the company will invest $13.1 million to expand and locate new manufacturing operations in Tier 4, at-risk Hawkins County.
Symmco will create 86 new jobs in Surgoinsville over the next five years as the company locates in an existing facility at 386 Phipps Bend Road.
Symmco’s expansion to Tennessee will position the manufacturer to be geographically closer to its largest consumer base while also allowing for increased production capacity, sales volume and potential new partnerships with sub suppliers.
Founded in 1952, Symmco Inc. specializes in the manufacturing of powdered metal for customer-engineered components and stock products, which serve many industries including lawn and garden, medical, power transmission and others. In addition to its manufacturing operations, Symmco also performs secondary machining and in-house tool design. The company’s 86 new jobs will increase its total number of U.S. employees to nearly 300.
Since 2018, TNECD has supported nearly 40 economic development projects in the Northeast Tennessee region, resulting in more than 3,500 job commitments and $1 billion in capital investment.
QUOTES
“Tennessee’s strong business climate and skilled workforce continue to attract companies to every part of the state, and our rural communities are no exception. I thank Symmco for its decision to invest in Hawkins County so that Tennesseans across the region can thrive.” – Gov. Bill Lee
“With more than 2,600 manufacturing businesses across the state, Tennessee is positioned to provide companies like Symmco with the tools and resources needed to succeed. We appreciate this company’s investment in Northeast Tennessee and welcome Symmco to Surgoinsville.” – TNECD Commissioner Stuart McWhorter
“I am confident that Tennessee will be a great place for Symmco to expand. The cooperation of the state and local officials as well as the development officials from TVA made our decision to invest here easy. We are excited to be one of the newest employers in Hawkins County and look forward to many years of mutual success.” – Frank Roberts, chairman of the board, Symmco, Inc.
“It has been my dream for many years to expand our business to the southern states and be closer to our major customers. This expansion will not only bring jobs to the area but new powder metal press and furnace technology. I am excited to see this vision become reality.” – Beth Krise, CEO and Pennsylvania president, Symmco, Inc.
“As a grandson of Hawkins County, I am proud to be a part of this project and to bring back skilled jobs to the area. Symmco has a diverse family-oriented and community-focused culture. We are excited to be a part of the Surgoinsville community.” – Frank Freeman, COO and Tennessee president, Symmco, Inc.
“I am extremely happy to welcome Symmco to Hawkins County and Phipps Bend Industrial Park. These jobs will be welcomed by our tremendous, highly skilled workforce that will meet and exceed the high standards of a company making the strongest and most durable powder metal products on the market. They will also contribute greatly to our continued economic growth. I’d like to thank NETWORKS Sullivan Partnership and the Hawkins County Industrial Development Board and staff for bringing another outstanding industry into our county.” – Hawkins County Mayor Jim Lee
“TVA and Holston Electric Cooperative congratulate Symmco on its decision to locate and create new jobs in Surgoinsville. Supporting companies like Symmco in creating jobs and investment in the region is fundamental to TVA’s mission of service. We are proud to partner with Hawkins County Industrial Board, NETWORKS Sullivan Partnership and the Tennessee Department of Economic and Community Development to further that mission and celebrate this announcement together.” – John Bradley, TVA senior vice president of Economic Development
“We are excited Symmco is expanding its successful operations to Hawkins County. This project will strengthen the local economy and provide job opportunities to 86 residents. We wish Symmco a long and prosperous future.” – Sen. Frank Niceley (R-Strawberry Plains)
“I am proud to welcome Symmco to Hawkins County. This investment reinforces our efforts to develop a skilled workforce and pro-business climate in Tennessee. I congratulate everyone who helped make this announcement possible, and I look forward to Symmco’s successful future in Surgoinsville.” – Rep. Gary Hicks (R-Rogersville)
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter, Instagram and LinkedIn. Like us on Facebook. Subscribe to our YouTube channel.
TNECD Media Contact
Lindsey Tipton
Public Information Officer
(615) 339-6608
[email protected]
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