Italian plastics manufacturer SO.F.TER says it plans to more than double the output at its new Lebanon plant in 2015. The company said last year it would build its $20 million U.S. headquarters on State Route 109, when it said it planned to grow the facility. But the company's announcement today that it has started local production also says it will move forward next year to double capacity to 100 million pounds and add thermoplastic elastomers to its lines. The long term for SO.F.TER, which has global sales of $320 million, is to produce 200 million pounds and employ 200 in Lebanon.
The largest family-owned metal processor and distributor in North America will invest almost $33 million to build a new service center in Columbia. The 105,000-square-foot Samuel Son & Co. plant will create 42 jobs. Its machines will be able to shape steel and aluminum up to 84 inches wide, primarily for the region's auto manufacturers. State officials say the facility has doubled in size from when discussions began with Samuel executives.
SEE ALSO: The company's own release
Global auto parts manufacturer Magna International will spend $16 million to build its fifth Tennessee factory just north of General Motors' Spring Hill complex — which is getting two new models in the coming years — where it will build seat assemblies. The company, which also runs a plant in Columbia, plans to hire 357 people for Spring Hill over the next two years, with 75 workers to start. And it is moving quickly to get ready for GM: Its new 122,500-square-foot facility is expected to be up and running by January.
"This new facility demonstrates our commitment to GM in delivering high-quality products through our world-class manufacturing initiatives," said Mike Bisson, president of Magna Seating. "We are pleased to support our customer and look forward to potential growth opportunities."
Magna is one of the bigger names in the auto supplier sector. The company runs more than 60 manufacturing or assembly plants across the United States and employes more than 23,000 people.
Tennessee Department of Economic and Community Development officials say another eight sites around the state have been certified with the Select Tennessee tag, meaning they've been vetted as ready for big-scale development. Among them is the Cherry Glen Industrial Park in Mt. Pleasant, southwest of Columbia.
A paper and cardboard recycling facility located on Industrial Boulevard in La Vergne has been acquired by Caraustar Industries, an Atlanta-based company that is backed by private-equity firm HIG Capital. The La Vergne center had been owned by SP Recycling Southeast. Terms of the deal are not being disclosed.
POSTDATA: WARRANTY DEEDS