China-Based Innovate Manufacturing Inc. Locates U.S. Headquarters In Knoxville, Tennessee
The company’s Knoxville facility, located at 10340 Goldenfern Lane, will specialize in injection molding, injection stretch blow molding and extrusion blow molding. Tooling is already underway, and production will begin in late September.
“Innovate Manufacturing is delighted to locate its first facility outside of China here in Knoxville,” Innovate Manufacturing Vice President of Engineering John Lin said. “By locating closer to our customers, we anticipate more growth as demand for localized manufacturing continues. The central location, competitive electricity costs, and business-friendly policies of East Tennessee helped us make our decision, and we anticipate the manufacturing community here to grow as well.”
Innovate Manufacturing has four plastics factories and an engineering office in China, but the company chose to move a portion of its operations to the U.S. due to lower shipping and energy costs and proximity to its client base.
“Onshoring is gaining momentum with the reduction of cost burdens for companies manufacturing their products here in the U.S.,” Community Development Commissioner Randy Boyd said. “Tennessee is beginning to generate significant job growth from the onshoring movement, and in the past twelve months, the state has added nearly 1,300 jobs from China-based projects alone. We welcome Innovate Manufacturing to Tennessee and thank the company for choosing to invest in our state and create new jobs in Knoxville.”
“TVA and Lenoir City Utilities Board congratulate and welcome Innovate Manufacturing to Knoxville, Tennessee,” John Bradley, TVA Senior Vice President of Economic Development, said. “ We are excited to partner with the Knoxville Chamber of Commerce, city of Knoxville and the state of Tennessee Department of Economic and Community Development to help foster Innovate Manufacturing’s success at its new location.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A