South Korean manufacturer announces $50M expansion at former Mitsubishi plant
The expansion will double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 local hires to its 400 employees.
There are 5 article(s) tagged Mitsubishi Electric Power Products:
The expansion will double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 local hires to its 400 employees.
The EDGE Board on Wednesday approved $13.1 million worth of new tax incentives for two companies that plan to make $141 million in capital investments and add at least 159 jobs.
A Korean company will make an $87 million investment and establish its first presence in the U.S. in Memphis.
Officials hope a prospective sale of Mitsubishi Electric Power Products plant in Memphis will preserve majority of jobs.
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