German-based manufacturer selects Tennessee for its first U.S. facility, invests more than $3 million in Washington County
BorTec USA has selected Northeast Tennessee as its first U.S. location.
BorTec will invest a total of $3.1 million and create 35 new jobs in Washington County through the project, which establishes a heat treatment plant in Johnson City.
“BorTec chose Tennessee as the location for its new facility due to several key factors. The Tennessee Department of Economic and Community Development (TNECD) provided valuable assistance and resources to support the company’s expansion plans. Tennessee offers a highly favorable business environment, with low tax burdens, reasonable operating costs and an abundant skilled workforce. The state’s excellent transportation infrastructure enables efficient distribution of BorTec’s products across the U.S. Additionally, Tennessee’s low energy prices, including some of the nation’s lowest electricity rates, translate to significant cost savings for BorTec’s energy-intensive operations. These combined advantages make Tennessee an ideal location for BorTec’s new facility,” said BorTec USA CEO Ralph Hunger.
The new operations will mainly produce wear and corrosion-resistant pipes for the oil and gas industries. BorTec is a subsidiary to German-based BorTec Group.
The company will more than double its worldwide headcount through the Tennessee facility.
Photo courtesy of the state of TN.
Other stories you may want to check out:
