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Stonepeak Ceramics Plans $70 Million Expansion at Crossville, Tennessee, Plant

09/14/2018
Stonepeak Ceramics, Inc. a porcelain tile manufacturer and subsidiary of the Italian holding group Iris Ceramica, will invest $70 million to open a new production line at its facility in Crossville, Tennessee.

Once complete, the investment will increase the factory’s capacity by 20 percent. Stonepeak Ceramics will be the first tile manufacturer to produce large size porcelain panels in the United States, according to state officials. Equipped with the newest technological features, the line produces tiles ranging from 6 mm to 2 cm in thickness. It is the only production line in the world capable of producing porcelain tiles starting from the large size of 120”x 60” to the smaller size of 12”x12”.

“The opening of the new production line represents an important investment for our company. It is part of the strategic decision we made to mature as a global product supplier in this rapidly growing market segment,” Federica Minozzi, CEO of Iris Ceramica Group, said. “By offering large size panels, made in the U.S., we will shorten delivery times and simplify all of our logistics while reducing the environmental impact.”

With this expansion, the porcelain tile manufacturer will add approximately 160 full-time jobs at its Crossville facility over the next five years. Stonepeak plans on further expanding its current operations in Crossville to keep up with growing demand. The company plans on adding a new product line that will accounts for one new kiln.

“I want to thank Stonepeak for choosing to expand its operations in Crossville and adding more than 160 full-time jobs over the next five years in Cumberland County,” Governor Bill Haslam said. “Tennessee is one of the top locations in the country for ceramics industry growth, and Stonepeak is continuing this momentum by creating more jobs in this fast-growing industry. Because of investments like this, Tennessee will lead in the creation of high-quality jobs.”

“I want to congratulate Stonepeak on its decision to expand its operations in Cumberland County,” Department of Economic and Community Development Commissioner Bob Rolfe said. “Stonepeak has had a long history in our state and has been a great partner to Tennessee for over 14 years. I appreciate Stonepeak for its continued partnership with Tennessee and look forward to seeing this company continue to succeed in our state.”

“The collaboration between the city, county and chamber are once again providing opportunities for local companies to take full advantage of the tools for growth,” Crossville Mayor James Mayberry said. “Today’s announcement by Stonepeak reaffirms that Crossville and Cumberland County is a community capable of hosting significant private investment when there is a commitment to grow industrial jobs. We are pleased that Stonepeak is reaffirming its commitment to grow right here.”

“It was not by accident that this announcement is being made today,” Cumberland County Mayor Allen Foster said. “It is due to a series of meetings coming from an organized industrial expansion program that Stonepeak is growing once again. New jobs mean that more Cumberland County families can find work and remain right here on the plateau. This expansion is a win for the company, the community and our residents.”

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