(MENAFNEditorial)
Innovate Manufacturing Inc. will locate its first U.S. headquarters in Knoxville in an effort to be closer to its consumers. Innovate Manufacturing a China-based injection molding company will invest $4.7 million in building upgrades and renovations and create 50 new jobs in Knox County TN.
Innovate Manufacturing has four plastics factories and an engineering office in China but the company chose to move a portion of its operations to the U.S. due to lower shipping and energy costs and proximity to its client base.
“Innovate Manufacturing is delighted to locate its first facility outside of China here in Knoxville” said Innovate Manufacturing Vice President of Engineering John Lin. “By locating closer to our customers we anticipate more growth as demand for localized manufacturing continues. The central location competitive electricity costs and business-friendly policies of East Tennessee helped us make our decision and we anticipate the manufacturing community here to grow as well.”
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