- Titan Medical will invest $7.5 million in new facility
- Lexington plant is company’s second Tennessee location
- Project will create 87 new jobs over the next six years
LEXINGTON, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Titan Medical Manufacturing LLC officials announced today that the company will expand its Tennessee presence and locate new operations in Henderson County.
The medical device manufacturer will invest $7.5 million and create 87 new jobs in Lexington.
Established in 2009, Titan Medical is a privately held company that specializes in the manufacture of high quality, close-tolerance instrumentation and implants for the medical device industry. From single piece instruments to complex instrument assemblies, Titan Medical utilizes the latest in machining technology and processes to produce quality instrumentation for the medical device industry, including companies like Smith & Nephew, Wright Medical and Medtronic.
The new operations in Lexington represent Titan Medical’s second location in Tennessee, with another facility located in Bartlett. With this new facility, the company plans on adding additional production capacity to keep up with its growing demand.
Since 2015, TNECD has supported 12 projects in Henderson County, resulting in the creation of more than 1,000 jobs and approximately $45 million in capital investment.
QUOTES
“Titan Medical’s decision to locate its second Tennessee facility in Lexington is great news for rural Tennessee. I appreciate Titan Medical for continuing to invest in Tennessee and for creating 87 new jobs in Henderson County.” – Gov. Bill Lee
“The medical device manufacturing industry has a strong presence in Tennessee with more than 8,000 Tennesseans employed in the sector. I want to thank Titan Medical for continuing to grow this industry in our state and for creating 87 quality jobs in Lexington.” – TNECD Commissioner Bob Rolfe
“As Titan Medical Manufacturing celebrates our 10th year in business, we are excited about the opportunity to expand our operations in Lexington. Titan selected Lexington because of the experienced workforce in and around Henderson County and the tremendous support of the local government. Being a part of the community is an important part of who Titan is and Titan looks forward to adding to the economic growth of Henderson County and the surrounding areas.” – Titan Medical CEO Robert Kenyon
“Titan Medical’s decision to expand in Lexington is a testament to our strong school systems, affordable cost of living, quality of life, and the commitment to developing a skilled workforce. Titan Medical’s impact on our community will bring job diversity and higher wages for our citizens, which will strengthen the future of our local economy. We look forward to a long-lasting partnership with their team.” – Lexington Mayor Jeff Griggs
“We look forward to working with Titan Medical and the opportunities this will provide for the residents of Henderson County.” – Henderson County Mayor Eddie Bray
“TVA and Lexington Electric System congratulate Titan Medical on its decision to locate in Lexington, Tennessee and create new job opportunities. Helping to foster economic growth is fundamental to TVA’s mission of service and we are proud to partner with TNECD, the City of Lexington, Henderson County, and Lexington/Henderson County Industrial Development Board to help further that mission.” – TVA Senior Vice President of Economic Development John Bradley
“I am very pleased that these jobs are coming to Henderson County. This is a sizable investment. I congratulate Mayor Bray, Mayor Griggs and all our state and local officials who helped secure these jobs. We will continue to make job creation our top priority.” State Sen. Dolores Gresham (R – Somerville)
“I appreciate Governor Lee, TNECD, and Titan Medical Manufacturing for their 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 72 to satisfy the employment desires of our citizens.” – State Rep. Kirk Haston (R – Lobelville)
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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