TN: Nippon Steel & Sumikin Materials USA to Open $5.7M New Mfg Facility
13 Jan, 2016
Tennessee Department of Economic and Community Development Commissioner Randy Boyd along with Nippon Steel and Sumikin Materials USA, Inc. officials announced the company will open a new manufacturing facility in Fayetteville. The metal substrate manufacturer will invest $5.7 million and create 65 new jobs in Lincoln County.
“We are excited that Nippon Steel has decided to locate its first U.S. plant here in Tennessee,” Boyd said. “It is great to have Nippon Steel joining Team Tennessee and I want to thank them for creating valuable jobs in Lincoln County. I am eager to see their growth and progress.”
Nippon Steel’s new 62,000 square-foot manufacturing facility is located in the Fayetteville-Lincoln County Industrial Park. The company will be making modifications to the manufacturing space, installing equipment as well as building out the office space.
“Thanks to the great support of Fayetteville-Lincoln County and the state of Tennessee, we are able to start operation of our first U.S. plant,” President of Nippon Steel and Sumikin Materials USA Taro Kono said. "We are excited to work in Fayetteville and contribute to air purification of automobile, motorcycle and many industrial equipment through providing our unique metal substrate.”
Nippon Steel is a major subsidiary of Nippon Steel & Simitomo Metal Corporation, the second largest steel making company in the world. Nippon Steel and Sumikin Materials manufactures a metal substrate for the automotive industry and is the only metal substrate manufacturer that produces the stainless foil raw material that is used the in the final product. The metal substrate is distributed globally.
“We are excited and honored that Nippon Steel & Sumikin Materials USA, Inc. has selected Fayetteville-Lincoln County as the location for its first U.S. operations,” Executive Director of Fayetteville-Lincoln County Industrial Development Board Elaine Middleton said. “As the newest member of our growing industrial family, we look forward to a long and rewarding partnership.
We cannot say enough about our partners that helped to make this happen from the state of Tennessee, TVA, MTIDA, South Central Tennessee Development District, Lincoln County, City of Fayetteville as well as Fayetteville Public Utilities.”
“TVA and Fayetteville Public Utilities congratulate and welcome Nippon Steel to Fayetteville,” TVA Senior Vice President of Economic Development John Bradley said. “The tremendous growth this region has seen in the automotive sector helps TVA further its mission by helping bring quality jobs and investment to the communities that we serve. We are pleased to partner with the state of Tennessee and Fayetteville-Lincoln County Industrial Development Board to help facilitate Nippon Steel’s new location decision.”
Fayetteville and Lincoln County are represented by Sen. Jim Tracy (R – Shelbyville), Rep. Pat Marsh (R – Shelbyville) and Rep. Billy Spivey (R – Lewisburg) 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. Find us on the web: www.tnecd.com. Follow us on Twitter: @tnecd. Like us on Facebook: www.facebook.com/tnecd.