Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Zeus Industrial Products Expands Chattanooga, Tennessee, Facility

10/14/2019
A company that manufactures precision polymer extrusions and custom tubing, Zeus Industrial Products Inc. will invest $11.25 million to expand its operations in Chattanooga, Tennessee. The project is expected to create 54 jobs over the next five years.

The company acquired and will renovate a 140,000-square-foot facility at 3600 Cummings Road, where it will relocate its Hamilton County operations.

In 2018, Zeus acquired Chattanooga-based MWC Technologies, a manufacturer of polymer extrusion products used in the medical industry. Zeus operates 11 facilities in the U.S., Europe and Asia, and employs more than 1,700 worldwide.

“With the purchase of MWC Technologies, Zeus gained important capabilities that fit nicely with our product strategy. The unique advantages we created helped grow demand for our existing products and expand our portfolio with new solutions. However, for production to keep pace with this growth, we needed a larger facility. By purchasing the Cummings Road property, Zeus can scale its production as needed to meet the requirements of a growing product portfolio and customer base. We are excited for this latest investment in our Tennessee operation and look forward to expanding our business even more in the years ahead,” said Steve Peterson, President, Zeus Industrial Products, Inc.

“Tennessee’s existing businesses are vital to the health of our state’s strong economy, and I’m pleased to see Zeus expand its presence in Chattanooga. Zeus’s significant investment is great news for Hamilton County, and I look forward to seeing how it will improve the lives of our residents,” said Governor Bill Lee.

“We’re committed to making sure Tennessee is a great place for companies to create quality job opportunities. This expansion by Zeus underscores the ripe business environment we’ve fostered in Tennessee. I’d like to thank Zeus for its commitment to invest in Chattanooga and create valuable, family wage jobs for our residents,” TNECD Commissioner Bob Rolfe said.

“Hamilton County has a history of expanding businesses over the last nine years. Almost 60 companies have made the decision that Hamilton County is the place to grow their business. We are thrilled that we can now count Zeus Industrial Products, Inc. as another company that understands we have a talented workforce and economic development partners more than willing to work together to ensure their success. We look forward to working with Zeus in the months to come to make sure this Lookout Valley transition goes smoothly and will lead to increased success for Zeus,” Hamilton County Mayor Jim Coppinger noted.

Exclusive Research