Two of the world’s biggest manufacturing names have struck a deal for an Old Hickory plant that will add 40 jobs by 2014.
3M has agreed to buy from DuPont the latter’s advanced composite technology facility, which is sitting idle, on Swinging Bridge Road off Old Hickory Boulevard. The eight-year-old plant is part of the large manufacturing complex that has been in Old Hickory in various forms since the last few months of World War I.
A spokeswoman for St. Paul, Minn.-based 3M said the company began hiring for the site last month and expects to have the facility fully operational by early next year. It will make a range of items from its health care and home care divisions.
“Nashville is a growing and dynamic city, and 3M’s decision to open a manufacturing facility here speaks to our appeal as a location for technology-based companies,” said Nashville Mayor Karl Dean, one of several local and state officials who praised 3M’s move in a statement this morning. “This good news is also a sign of our resiliency during these difficult economic times.”
3M, which manufactures everything from adhesives to electrical parts and motor oils, employs about 80,000 people around the world and rang up 2010 sales of $27 billion. The company has not applied for any incentives, but an official with the Tennessee Department of Economic & Community Development said it will likely qualify for job-training assistance.