DENSO Manufacturing Tennessee Plans $400 Million Expansion At Its Maryville, Tennessee, Manufacturing Hub
With a workforce of more than 3,100 employees, DENSO Manufacturing Tennessee is Blount County’s largest employer. The company will create 500 new jobs and invest $400 million to expand its manufacturing capabilities and construct a new warehouse.
“Thanks to our skilled associates and their dedication to manufacturing the highest quality automotive technology, DENSO remains committed to investing in this region and creating jobs,” said DENSO Manufacturing Tennessee President Jack Helmboldt, who is also a DENSO Corporation global Executive Director. “I would also like to thank Governor Haslam, Commissioner Boyd, other state and local leaders, the Blount Chamber Partnership and TVA for their support in making this expansion possible.”
A key supplier of advanced technology to the automotive industry, DENSO Manufacturing Tennessee produces starters, alternators, instrument clusters and a wide range of electronic components and systems. The Maryville campus consists of four manufacturing plants on 194 acres and has undergone eight major expansions.
Due to expanded production needs at two of the company’s manufacturing plants, the existing warehouse will be converted to manufacturing space and a new consolidated warehouse will be built on the company’s current campus.
“We want to congratulate DENSO on its latest expansion and the 500 new jobs they will create in Maryville and Blount County,” said Governor Bill Haslam. “Today’s announcement is another indication of the momentum Tennessee has in the automotive manufacturing sector. As the largest employer in Blount County, DENSO supports numerous families throughout East Tennessee, and we are grateful for the company’s commitment and continued investment in our state.”
“DENSO has been an outstanding corporate citizen in Tennessee, and we appreciate the significant investment the company has made in our state and the thousands of jobs it has created for our workforce over the years,” Community Development Commissioner Randy Boyd said. “It has been less than a year since I became commissioner, and this is the second expansion DENSO has made at one of its Tennessee facilities during that time. I thank the company for creating 500 additional jobs in Blount County and wish them much continued success in the future.”
"Once again, the collaborative efforts of the Blount Partnership, the state of Tennessee, the cities of Alcoa and Maryville and many others have produced a win - win environment for our regional community,” Blount County Mayor Ed Mitchell said. “This announcement speaks volumes in support of our efforts at local cooperative processes. We welcome the DENSO expansion and look forward to forging long lasting, mutually productive relationships."
"This is truly one of the greatest partnerships the industrial board, the cities of Maryville and Alcoa and the state of Tennessee has established,” Blount County Economic Development Board Chairman Fred Lawson said. “This investment by DENSO nearly doubles the amount of capital investment Blount County has enjoyed since 2010. The Blount Partnership thanks DENSO for choosing this community to continue its growth."
To celebrate its 25 years in Maryville, DENSO Manufacturing Tennessee has chosen to give back to its community by donating a gift $50,000 to Blount Memorial Hospital and a separate gift of $50,000 to East Tennessee Children’s Hospital.
Why are Foreign Trade Zones Making a Comeback?
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
How are Uncertain Times Altering Company Location Strategies?