Ceramaspeed, a manufacture of electric radiant heaters for the consumer and commercial appliance markets, recently purchased the German manufacturer Isphording and will invest $3.5 million to relocate it into the former Klote International Facility, a 55,000-square foot industrial building in Maryville, Tennessee.
Officials from the firm credited the availability of a skilled workforce and low tax rate as reasons for moving its newly acquired manufacturing facility from Germany to the city in east central Tennessee, south of Knoxville. Gas burners will be manufactured at the new facility that will also have the capability to produce parts for a variety of customers in the consumer and commercial appliance markets. Initially, the plant will create about forty manufacturing and management positions, with that number expected to increase.
"Ceramaspeed is excited to increase its manufacturing capacity and provide high tech manufacturing positions in the Maryville area," said Ceramaspeed vice president and general manager David Kidd. "We see this as welcomed news for our community and the people who live and work here. The Blount County area provides the skilled workforce and business climate for Ceramaspeed to engineer and manufacture products that compete in today's global market.
"It's always exciting to see local businesses expand in the area," said Maryville Mayor Tom Taylor. "Bringing in high quality jobs is top priority and this multi-million dollar investment gives the local economy an additional boost. Ceramaspeed is very successful in its market and brings about another great opportunity to the people of Blount County."
Commissioner Bill Hagerty, Tennessee Department of Economic and Community Development, said. "Existing industry expansions are key to the future growth and sustainability of our state's economy. When an existing company like Ceramaspeed chooses Tennessee again, it is a testament to our state's strengths in advanced manufacturing, to our business-friendly climate and to our high quality workforce."