Nippon Steel and Sumikin Materials USA, Inc. will open a new 62,000 square foot manufacturing facility at Fayetteville-Lincoln County Industrial Park in Fayetteville, Tennessee. The metal substrate manufacturer will invest $5.7 million and create 65 new jobs in Lincoln County.
The company will be making modifications to the manufacturing space, installing equipment as well as building out the office space. 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.
“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.”
“We are excited that Nippon Steel has decided to locate its first U.S. plant here in Tennessee,” Community Development Commissioner Randy 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.”
Tennessee Valley Authority 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.”