Profile Metal Forming Expands McKenzie, Tennessee Factory
The expansion will house a new 1,000-ton press line to increase the company’s capabilities to meet new automotive market demands. The additional space and press line will allow the company to grow with its current customer base as well as focus on vertical integration.The expansion is expected to begin in late 2020 and be completed in Spring 2021.
“The automotive industry is consolidating, and Profile’s customer base is reducing the number of suppliers that they partner with. As a result, Profile’s $2.5 million investment in our Henry County facility will increase the plant’s capabilities and capacity and allow us to meet our customers’ needs. Profile’s ownership and management is proud to partner with the Paris-Henry County Industrial Committee, the State of Tennessee’s Economic and Community Development Department and First Horizon Bank in this visionary investment which will secure jobs for years to come in rural Henry County,” the Norman French, CFO, Profile Metal Forming.
“Job creation in rural communities remains a priority, especially during these unprecedented times. I’d like to thank Profile Metal Forming for its continued expansion in Henry County and the confidence it has in the workforce of Tennessee,” said Governor Bill Lee.
Profile Metal Forming is privately owned and headquartered in New Hampshire, but has operated a facility in Henry County for 33 years.
“Tennessee is home to over 900 automotive suppliers, and we are proud to see Profile Metal Forming expanding in Henry County. I look forward to seeing how the company’s efforts for more vertical integration will pay off as it continues to grow its services,” said TNECD Commissioner Bob Rolfe.
Toyota Industries Compressor Parts America Expands Pendergrass, Georgia, Production Factory
Eastern Wholesale Fence Plans Manufacturing Center of Excellence in Salisbury, North Carolina
Continental Tire the Americas Eyes Expansion at Factory Complex in Lancaster County, South Carolina
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Nondisclosure Agreements Best Practices When Negotiating Incentives