Steel processing leader to invest $18 million, create 50 new jobs
NASHVILLE— Tennessee Department of Economic and Community Development Commissioner Randy Boyd along with Steel Technologies LLC officials announced today the company will build a new 83,000 square foot facility in Smyrna. Steel Technologies will invest $18 million to build the Smyrna manufacturing facility, the company’s second location in Rutherford County, and create 50 new jobs.
“Tennessee’s employment in steel product manufacturing is 26 percent above the national average, and today’s announcement continues to support our state’s growth in that industry,” Boyd said. “We appreciate Steel Technologies for choosing to expand its Rutherford County footprint and create new jobs for Team Tennessee. I’m proud of the hardworking efforts of our local partners and look forward to Steel Technologies’ continued success in Tennessee.”
“This new greenfield operation expands our exposed and unexposed automotive slitting and blanking capabilities,” Steel Technologies Vice President of Operations Randall Patterson said. “The facility will handle both steel and aluminum as we continue to deliver greater value and services to our strategic customers in the area.”
Construction will begin mid-summer and is expected to be complete by the end of the first quarter of next year. To accommodate its current customers and attract future clients, Steel Technologies will install a slitting line and a 1,000 ton blanking press to expand its platform in Tennessee. The company also has an existing location in Murfreesboro which employs 87 people.
“Steel Technologies is a known industry leader and we are thrilled for them to be added to the town of Smyrna’s business landscape,” Smyrna Mayor Mary Esther Reed said. “We look forward to a long, successful partnership.”
“We congratulate Steel Technologies on its decision to expand in Rutherford County,” Destination Rutherford Chairman Bill Jones said. “Expansion is always a testament to the good things we have going on in our community, and we wish them many more years of continued success.”
“TVA and Middle Tennessee EMC congratulate Steel Technologies on its decision to locate in Rutherford County,” TVA Senior Vice President of Economic Development John Bradley said. “We are proud to partner with the Rutherford County Chamber of Commerce, Rutherford County and town of Smyrna and TNECD to help facilitate this location decision and look forward to working with Steel Technologies to help further the tremendous growth of the automotive industry in this area.”
Steel Technologies is one of the leading steel processors in North America. The company processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements for the automotive, appliance, lawn and garden, agriculture, construction, office furniture, hardware and consumer goods industries.
Operating 24 facilities in the United States, Canada and Mexico, Steel Technologies employs more than 1,800 people and produces over $2 billion in annual sales.
Hiring will begin in late 2016 or early 2017. To learn more about Steel Technologies, visit steeltechnologies.com.
Smyrna and Rutherford County are represented by Sen. Bill Ketron (R – Murfreesboro), Sen. Jim Tracy (R – Shelbyville), Rep. Mike Sparks (R – Smyrna), Rep. Dawn White (R – Murfreesboro), Rep. Rick Womick (R – Rockvale) and Rep. Bryan Terry (R – Murfreesboro) in the Tennessee General Assembly.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Team Tennessee, the department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Tennessee is the only three-time winner of “State of the Year” for economic development by Business Facilities magazine. Find us on the web: tnecd.com. Follow us on Twitter: @tnecd. Like us on Facebook: facebook.com/tnecd.