Mitsubishi Electric Power Products will locate its headquarters in Memphis, Tennessee, the company announced today. Mitsubishi will build a $200 million, 350,000-square-foot plant in the city that will produce large power transformers. The company will initially hire 90 employees, growing its work force to 275 people at full capacity.
"From the beginning, we planned a world-class facility capable of meeting the challenging quality, reliability and cost expectations of our customers," said Brian Heery, president and CEO of Mitsubishi Electric Power Products. "We needed a large water-front site near a city that could support our recruiting and training goals. Memphis was chosen for its strengths in these areas and the support of its state and local leaders."
Mitsubishi will begin production in Memphis in 2013. Owned by a Japanese parent company, workers will be trained through 2012 in Memphis and Japan.
McCallum Sweeney Consulting led the site selection process for Mitsubishi.