Valmont Industries will expand its operations by investing $15-20 million to increase the size of its manufacturing facility in Jasper, Tennessee. The company plans to create 65 new jobs over the next five years in Marion County.
The project will increase the size of Valmont’s existing 100,000-square-foot manufacturing facility by more than 30 percent and convert an adjoining 11-acre lot into a new laydown yard to store equipment and materials. Valmont Industries’ Jasper location is part of the company’s North American infrastructure operations, which supplies steel poles and structures to utility and transportation markets nationwide.
“We are excited to be expanding our operations and creating employment opportunities at our Jasper facility, to help serve continued, strong demand for resilient infrastructure across the country. Governments’ investments across transportation markets and utilities’ investments in grid hardening and renewable energy sources are driving increased demand for our products and solutions. We are proud to support critical infrastructure sectors around the world and grateful for the support we have received for this expansion from the community, the State of Tennessee and area business partners,” Diane Larkin, Executive Vice President, Global Operations, Valmont Industries, Inc. said.
“Tennessee’s manufacturing sector continues to see tremendous growth across the state. Valmont Industries has manufacturing facilities in 22 countries around the globe, and by choosing to expand in Marion County, it shows that Tennessee has the skilled workforce and business-friendly environment to support the company’s growth. We thank Valmont for its continued investment in our state and for creating new jobs in Jasper, ” said Bob Rolfe, Commissioner of TNECD.
Established in 1946, Valmont Industries is a global leader of engineered products and services for infrastructure and water-conserving irrigation equipment and technology solutions for agriculture. The company is organized around four primary business segments, which include Utility Support Structures, Engineered Support Structures, Irrigation and Coatings.
“TVA and Sequachee Valley Electric Cooperative congratulate Valmont Industries on its decision to expand operations in Marion County. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the Valley. We are proud to partner with Marion County Government, the City of Jasper and Tennessee Department of Economic and Community Development to help celebrate this announcement and Valmont’s continued growth in the Valley,” said John Bradley, TVA senior vice president of Economic Development.