Updated — Materials firm Teknor Apex Co. is expanding its Tennessee location in a move that will create 50 new jobs.
The company also told a local newspaper that it is expanding in Massachusetts and is preparing to announce expansion plans at its headquarters site.
Pawtucket, R.I.-based Teknor Apex will spend $32.2 million to build a 200,000-square-foot distribution facility at its site in Brownsville, Tenn., officials said in a Jan. 26 news release. The expansion will allow Teknor to grow the manufacturing units within its existing plant there, they added.
“We made a commitment to this facility and community almost 50 years ago and are proud to see it continue to grow,” Brownsville site general manager Rob Lincer said in the release. “We are equally as proud of our employees, both present and past, who have made it possible.”
Teknor Apex's decision to invest in Haywood County “is a strong vote of confidence in the advantages Brownsville and Tennessee offer global companies,” according to Randy Boyd, commissioner of the Tennessee Department of Economic and Community Development.
Meanwhile, Teknor Apex Chairman and CEO Jonathan Fain told the Providence Business News that the company is adding onto a plant in Leominister, Mass., and preparing plans to expand in Pawtucket.
Fain told the newspaper that the company has benefited from “very favorable economic conditions for a company such as ours”
The firm's compounds are used in applications ranging from wire and cable products to automotive, medical, consumer and industrial products.
Teknor Apex is one of North America's 30 largest compounders and concentrate makers, according to Plastics News data.