- Leading independent global OES remanufacturer of drivetrain and powertrain systems to locate new facility in Tennessee
- Project represents the creation of more than 200 new jobs
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and ATC Drivetrain officials announced today the company has selected Knoxville as the location for its newest manufacturing facility.
ATC Drivetrain, a leading global independent remanufacturer of automotive powertrain and drivetrain systems, will invest $8.3 million and create 218 new manufacturing jobs in Knox County over the next five years. This is the latest of several new investments ATC Drivetrain has made recently, including the implementation of new technologies and capabilities in the global battery and electric vehicle powertrain market and an increased presence in the commercial vehicle market.
ATC Drivetrain offers original equipment manufacturers (OEMs) a local solution by utilizing a combination of progressive engineering and state-of-the-art equipment to produce like new transmissions and engines. The site is scheduled to begin production in April 2022 and will support the company’s growing remanufacturing and battery life cycle management businesses.
Founded in 1938 and headquartered in Farmington Hills, Michigan, ATC Drivetrain supplies remanufacturing products and services to various international blue-chip automakers. In addition to operations in Europe and Asia, the Knoxville facility will be ATC Drivetrain’s third manufacturing facility in the U.S. ATC Drivetrain currently operates two manufacturing facilities and a distribution center in Oklahoma City, Oklahoma.
In the last five years, TNECD has supported 13 economic development projects in Knox County resulting in more than 1,400 job commitments and approximately $158 million in capital investment.
QUOTES
“Tennessee has become a national hub for the automotive industry with our highly skilled workforce, thriving economy and strong business climate. I thank ATC Drivetrain for their decision to invest in Knoxville and welcome them to Tennessee.” – Gov. Bill Lee
“With more than 920 automotive businesses across the state, Tennessee is a driving force in the southern automotive corridor. We appreciate ATC Drivetrain’s decision to invest and locate in Knoxville and thank Knox County Mayor Glenn Jacobs and the Knoxville Chamber of Commerce for their partnership in recruiting this company to Tennessee.” – TNECD Commissioner Bob Rolfe
“Our customers are the focus of all we do at ATC Drivetrain. 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 broader region, are home to a rapidly developing electrification ecosystem. We greatly appreciate the State of Tennessee’s support with this expansion.” – Greg Heald, president & CEO, ATC Drivetrain
“TVA and Knoxville Utilities Board congratulate ATC Drivetrain on its decision to locate operations in Knox County. Helping to attract and retain jobs and investment in the region is fundamental to TVA’s mission of service. We are proud to partner with the Knoxville Chamber, East Tennessee Economic Development Agency and the Tennessee Department of Economic and Community Development to further that mission and support ATC Drivetrain’s future business success in the Valley.” – John Bradley, TVA senior vice president of Economic Development
“These 218 new jobs will be a tremendous boost to our local economy. I congratulate our local officials and economic development leaders, Governor Lee and our Department of Economic and Community Development for their role in bringing this investment to Knox County. It was a team effort. Thank you, ATC Drivetrain for your confidence in the Knox County worker.” – Sen. Becky Massey (R-Knoxville)
“With our business-friendly atmosphere and highly skilled workforce, it’s easy to see why ATC Drivetrain would choose Knoxville for this exciting project. This substantial investment will further strengthen our economy and provide even more job opportunities for residents of Knox County. I appreciate the hard work of our local and state economic development leaders who helped make this announcement possible, and I look forward to the company’s successful future here in East Tennessee.” – Rep. Dave Wright (R-Corryton)
About ATC Drivetrain
ATC Drivetrain is a Farmington Hills, Michigan-based company providing environmentally friendly remanufacturing solutions for powertrain and drivetrain products regardless of the technology powering the vehicle, including batteries, electric drive units, engines, transmissions and other driveline products. ATC also offers engineering services that include warranty root cause analysis and testing, quality audits, production rework and recycling. ATC serves the global automotive industry for both in-warranty and out-of-warranty products, IAM distributors and individual consumers. ATC is ISO9001 and AIAG MMOG/LE, and certified to IATF 16949 and ISO 14001 quality, material and environmental standards. For more information, please visit www.atcdrivetrain.com.
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 and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
ATC Drivetrain Media Contact
Michele Mouyianis
Marx Layne & Co.
(586) 360-3686/ (248) 855-6777
[email protected]
TNECD Media Contact
Lindsey Tipton
Public Information Officer
(615) 339-6608
[email protected]
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