- Company will create 65 new jobs over next five years
- Jasper location supplies steel poles and structures nationwide
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Valmont Industries officials announced today that the company will expand its Jasper operations by investing $15-20 million to increase the size of its manufacturing facility.
Through the expansion, Valmont Industries will create 65 new jobs over the next five years in Marion County.
Valmont Industries’ Jasper location is part of the company’s North American infrastructure operations, which supplies steel poles and structures to utility and transportation markets nationwide. The project will increase the size of Valmont’s existing 100,000-square-foot manufacturing facility by more than 30 percent and convert an adjoining 11-acre lot into a new laydown yard to store equipment and materials.
Established in 1946, Valmont Industries is a global leader of engineered products and services for infrastructure and water-conserving irrigation equipment and technology solutions for agriculture. The company is organized around four primary business segments, which include Utility Support Structures, Engineered Support Structures, Irrigation and Coatings.
In the last five years, TNECD has supported 75 economic development projects in Southeast Tennessee resulting in more than 10,000 job commitments and $3 billion in capital investment.
QUOTES
“We’re proud to have a global company like Valmont Industries invest in our rural communities. This expansion is a vote of confidence in the hardworking residents of Marion County and these high-quality jobs will mean a great deal for East Tennessee.” – Gov. Bill Lee
“Tennessee’s manufacturing sector continues to see tremendous growth across the state. Valmont Industries has manufacturing facilities in 22 countries around the globe, and by choosing to expand in Marion County, it shows that Tennessee has the skilled workforce and business-friendly environment to support the company’s growth. We thank Valmont for its continued investment in our state and for creating new jobs in Jasper.” – TNECD Commissioner Bob Rolfe
“We are excited to be expanding our operations and creating employment opportunities at our Jasper facility, to help serve continued, strong demand for resilient infrastructure across the country. Governments’ investments across transportation markets and utilities’ investments in grid hardening and renewable energy sources are driving increased demand for our products and solutions. We are proud to support critical infrastructure sectors around the world and grateful for the support we have received for this expansion from the community, the State of Tennessee and area business partners.” – Diane Larkin, EVP, Global Operations, Valmont Industries, Inc.
“We are excited that Valmont Industries selected Marion County to do their expansion and to create 65 new good paying jobs. Valmont is a great community partner and has good relationship with the other industries throughout Marion County. We look forward to working with Valmont in the months and years to come and we hope there are future expansions to come.” — Marion County Mayor David Jackson
“TVA and Sequachee Valley Electric Cooperative congratulate Valmont Industries on its decision to expand operations in Marion County. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the Valley. We are proud to partner with Marion County Government, the City of Jasper and Tennessee Department of Economic and Community Development to help celebrate this announcement and Valmont’s continued growth in the Valley.” – John Bradley, TVA senior vice president of Economic Development
“These jobs will boost our community and help restore confidence in the local economy. Valmont industries has made a wise decision to expand their operations in Marion County. It is a testament to our quality workforce and the positive outlook for our community. Many thanks to the local and state officials who worked hard to secure these jobs.” – Sen. Janice Bowling (R-Tullahoma)
“Valmont Industries is a valued employer in Marion County and I’m very proud they’ve chosen to expand their operations in Jasper with these 65 new jobs. I look forward to partnering with local officials and economic development leaders to create additional new jobs for our citizens in the future.” – Rep. Todd Warner (R-Chapel Hill)
TNECD Media Contact
Molly Hair
Public Information Officer
(615) 878-0063
[email protected]
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.
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