On Wednesday, Governor Bill Lee, Department of Economic and Community Development (TNECD) Commissioner Bob Rolfe, and ATC Drivetrain officials announced the company has selected Knoxville as the location for its newest manufacturing facility.
ATC Drivetrain, a leading independent global remanufacturer of drivetrain and powertrain systems, will invest $8 million to locate its newest manufacturing facility in Knoxville.
— TNECD (@TNECD) March 16, 2022
Founded in 1938 and headquartered in Farmington Hills, Michigan, ATC Drivetrain provides “environmentally friendly remanufacturing solutions for powertrain and drivetrain products regardless of the technology powering the vehicle, including batteries, electric drive units, engines, transmissions and other driveline products.”
The company will invest $8.3 million and create 218 new manufacturing jobs in Knox County over the next five years, according to a press release by TNECD. The new manufacturing site is scheduled to begin production in April 2022 and will support the company’s growing remanufacturing and battery life cycle management businesses.
“Tennessee has become a national hub for the automotive industry with our highly skilled workforce, thriving economy, and strong business climate,” Governor Bill Lee said in a statement. “I thank ATC Drivetrain for their decision to invest in Knoxville, and welcome them to Tennessee.”
In addition to operations in Europe and Asia, the Knoxville facility will be ATC Drivetrain’s third manufacturing facility in the U.S., according to the press release. ATC Drivetrain currently operates two manufacturing facilities and a distribution center in Oklahoma City, Oklahoma.
“With more than 920 automotive businesses across the state, Tennessee is a driving force in the southern automotive corridor,” TNECD Commissioner Bob Rolfe said in a statement. “We appreciate ATC Drivetrain’s decision to invest and locate in Knoxville and thank Knox County Mayor Glenn Jacobs and the Knoxville Chamber of Commerce for their partnership in recruiting this company to Tennessee.”
In the last five years, TNECD has supported 13 economic development projects in Knox County resulting in more than 1,400 job commitments and approximately $158 million in capital investment, according to the department.
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Kaitlin Housler is a reporter at The Tennessee Star and The Star News Network.
Photo “ATC Drivetrain” by TNECD.