Aspen Technologies Invests More Than $5 Million To Establish Plant In Manchester, Tennessee
04/01/2014
“Aspen Technologies is very excited to be expanding its manufacturing into Manchester, Tennessee,” Aspen Technologies Vice President Keith Quinn said. “It has been a pleasure working with the Industrial Board, city, county and state officials to make this expansion possible. The beautiful state of Tennessee along with its friendly people, especially the people of Coffee County, made the decision to locate in Manchester very easy. As we gear up our operations, we will continue to look for other opportunities to bring more work back home.” Aspen Technologies will begin the hiring process in June and start production in the new facility the first week of July.
The company was founded in 2003 to develop, manufacture and assemble specialized polyurethane foam products for the automotive industry as well as heavy truck and sport recreation markets. Aspen Technologies’ customer base is primarily automotive. In recent years, however, the company has been awarded a considerable amount of non-automotive based business and intends to shift approximately 25 percent of its sales to non-automotive related sectors, state officials said.
“I want to welcome Aspen Technologies to Tennessee and thank the company for choosing Manchester for its newest manufacturing operations,” Governor Bill Haslam said. “When a company chooses Tennessee for a new facility, it sends a strong message about our business-friendly environment, and today’s announcement supports our goal to make Tennessee the No. 1 location in the Southeast for high quality jobs.”
Aspen Technologies strives to bring jobs back to the United States and is currently working with two companies to take over business that is being produced in China, state economic development officials said.
“Tennessee is committed to expanding our state’s superior workforce as evidenced by the nearly 6,000 new manufacturing jobs created here in the past year alone,” Community Development Commissioner Bill Hagerty said. “As we continue to compete on a global basis, we remain focused on our competitive strengths as well as winning jobs from our foreign competitors. I appreciate Aspen Technologies’ efforts to return high quality manufacturing jobs to Tennessee, and for its investment in our state and its citizens.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025