- Canadian auto supplier will invest $11.5 million, create nearly 70 jobs
- Fayetteville plant will be company’s second U.S. location
- Hematite manufactures automotive products from recycled materials
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Hematite Inc. officials today announced that the auto supplier will establish a production facility in Fayetteville.
Hematite will invest $11.5 million and create nearly 70 jobs over the next five years in Lincoln County. The company will retrofit a vacant industrial building at 49 East Park Drive in Fayetteville. Hematite plans to be operational in the third quarter of 2020.
Hematite manufactures precision products from recycled materials for the automotive industry. The company’s products are designed to manage the impact of acoustics, airflow and water on vehicles. Hematite also designs and manufactures industrial products.
Founded in 1978, Hematite is headquartered in Ontario and also operates a facility in Englewood, Ohio. It employs approximately 280 people.
Since 2015, TNECD has supported five economic development projects in Lincoln County. These projects represent approximately 535 job commitments and more than $129 million in private capital investment.
“I’m pleased to welcome Hematite to Tennessee and the addition of 70 new technical jobs for the residents of Lincoln County. Approximately 900 automotive businesses operate in the Volunteer State, and the strength of our auto industry continues to attract top companies like Hematite.” – Gov. Bill Lee
“Hematite’s new investment in Fayetteville strengthens our state’s deep ties with Canadian businesses. More than 80 Canadian firms operate in the Volunteer State and employ nearly 9,400 Tennesseans. I’d like to thank Hematite for choosing Tennessee and bringing quality family wage jobs to Lincoln County.” – TNECD Commissioner Bob Rolfe
“We are really excited to have Hematite’s next location situated in Fayetteville. The location is a strategic fit with our customers’ locations as well as a great pool of local talent that we look forward to adding to our team. The process could not have worked better for us.” – John Pavanel, President, Hematite Inc.
“TVA and Fayetteville Public Utilities congratulate Hematite Manufacturing on its decision to locate operations in Lincoln County, Tennessee. TVA’s mission of service is to help foster new job opportunities in the Valley and we are proud to partner with Fayetteville Lincoln County Industrial Development Board and Tennessee Department of Economic and Community Development to help further that mission.” – John Bradley, TVA Senior Vice President of Economic Development
“The city of Fayetteville welcomes Hematite as a new industrial business to our community. Hematite’s location in our industrial park on Highway 64 East will be a central point to serve multiple automobile plants with their product in the Southeast region. We applaud the efforts of our IDB director and Board for their efforts in securing this placement.” – Michael Whisenant, Fayetteville Mayor
“Lincoln County continues to be home to some great companies. The latest to join our family is Hematite. This Tier 1 automotive supply company promises to make major financial investments here in Lincoln County through its plant, equipment and great jobs for its employees.” – Bill Newman, Lincoln County Mayor
“This is tremendous news for Lincoln County. I am thrilled that these jobs will be coming to our area. We thank Hematite for its confidence in Lincoln County workers and commend the local leadership, Gov. Lee and TNECD for their work to position the county for growth. We will continue to make job creation our top priority.” – Sen. Shane Reeves (R – Murfreesboro)
“I appreciate Governor Lee, our Department of Economic and Community Development, and Hematite for its investment in our community. Congratulations to our local leaders for securing these high-quality jobs. I appreciate their partnership, and I will continue to fight for continued job growth in House District 62 to satisfy the employment desires of our citizens.” – Rep. Pat Marsh (R-Shelbyville)
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.