LG Electronics To Locate New U.S. Manufacturing Operations In Clarksville

To Invest $250 Million, Create 600 New Jobs

Tuesday, February 28, 2017

LG Electronics Inc. officials on Tuesday announced the company will build a new home appliance manufacturing facility in Clarksville. The global manufacturer, with headquarters in South Korea, is a leader in appliances, electronics and mobile devices. LG will invest $250 million in the facility, creating at least 600 new jobs in Montgomery County. 

The Clarksville facility will be LG’s first washing machine manufacturing operation in the United States. 

“We are proud to welcome LG to Tennessee and thank the company for creating 600 valuable, new jobs in Clarksville,” Governor Bill Haslam said. “LG’s decision to establish new manufacturing operations in Tennessee is a testament to the business-friendly environment, ideal location and highly-skilled workforce we offer to companies around the globe. Tennessee is the top state in the nation for advanced industry job growth, an accomplishment that would not be possible without the many successful companies that choose to do business here. I look forward to building a lasting partnership with LG in the years ahead as we work together to make Tennessee the No. 1 location in the Southeast for high quality jobs.” 

“Our department has placed a significant emphasis on recruiting international companies, and today’s announcement underscores our efforts to expand our reach not just domestically, but abroad to build upon the success of the Tennessee brand,” TNECD Chief Operating Officer Ted Townsend said. “When a company with such a strong, global reputation, like LG, chooses to operate in Tennessee, it speaks volumes to our state’s many business advantages, including our thriving manufacturing sector. We greatly appreciate LG’s investment in Tennessee and look forward to the positive impact the new facility will have on Montgomery County and its residents.” 

Tennessee was ranked No. 1 among all U.S. states for foreign direct investment job commitments in 2015, according to the 2016 IBM Global Locations Trends report. South Korea is among the top five countries for foreign investment in Tennessee, with Korean companies investing nearly $1 billion and employing more than 1,700 Tennesseans. 

“LG is proud to make further investments in America, to create jobs and to bring state-of-the-art home appliance production technology to the great state of Tennessee,” said Dan Song, president of the LG Home Appliance and Air Solutions Company. “Over the past six years, LG studied eight states for the location of this facility. Tennessee is the clear choice for LG’s latest major investment in America, due to the state’s excellent business climate, quality workforce and central location for distribution to our U.S. customers.” 

LG’s new Tennessee facility is expected to be the world’s most advanced production plant for washing machines. Construction on the 829,000-square-foot facility will begin later this year. Starting in 2019, the factory will initially produce front- and top-load washing machines. Longer term, the 310-acre site offers the potential to expand for production of other home appliances. 

Local officials and Tennessee Valley Authority leadership expressed gratitude to LG for its commitment to Montgomery County. 

“We’re happy to welcome another large company from South Korea to Clarksville,” Clarksville Mayor Kim McMillan said. “Clarksville continues to prove itself to be a great home for manufacturers that need a large and skilled workforce, shovel-ready industrial sites and outstanding infrastructure. This level of investment and new jobs shows that Clarksville is living up to our commitment to be a great place to live, work and raise a family.” 

“On behalf of all of Montgomery County, welcome LG! While we are always pleased to see more growth in our industrial park, we are especially pleased to see the results of our investment in the northeast expansion come to fruition,” Montgomery County Mayor Jim Durrett said. “The people of Montgomery County are our greatest asset, and this announcement validates that statement. From our incredible economic engine at Fort Campbell to the record setting Austin Peay State University, we are Montgomery County and we are growing. We have a wonderful relationship with all of our industrial partners and look forward to expanding those relationships to include our new friends with LG.” 

“TVA and Cumberland Electric Membership Corporation are excited to congratulate LG Electronics on its decision to locate a project of this magnitude in Clarksville,” TVA Senior Vice President of Economic Development John Bradley said. “Attracting and retaining quality jobs and investments in our region is a fundamental part of TVA’s mission to serve the people of the Valley. We are proud to partner with Tennessee Department of Economic and Community Development, Clarksville-Montgomery County Economic Development Council, Montgomery County, and the city of Clarksville to help further that mission.”   

"Today’s announcement that LG Electronics will invest $250 million and create 600 full-time jobs is outstanding news for the people of Montgomery County and the surrounding communities,” said Senator Bob Corker. “There is no question that Tennessee is a great place to do business, and I am glad this company will soon call our state home. Time and again, top-notch businesses are choosing Tennessee, and I thank Governor Haslam and his economic development team for their impressive efforts to bring jobs to the Volunteer State.”


LYNC Logistics Named 1 Of Inc. Magazine’s Best Workplaces For 2019

Chattanooga Chamber Calendar Of Events For May 28-31

Austin Hatcher Foundation Announces New Family Services Coordinator


LYNC Logistics has been named one of Inc. magazine’s Best Workplaces for 2019, its fourth annual ranking in the fast-growing private company sector. Hitting newsstands on May 28 in the ... (click for more)

May 28, East Brainerd Chamber Council Meeting 11:30 a.m. to 1 p.m. The Chattanooga Event Center: 2193 Park Dr. Speaker: Bev Brockman, The Entrepreneurial Mindset $12 May 28, ... (click for more)

The Austin Hatcher Foundation for Pediatric Cancer announces Lauren Kelly has been hired as family services coordinator. Ms. Kelly has a background in multiple roles, including nonprofit fundraising, ... (click for more)


Business

LYNC Logistics Named 1 Of Inc. Magazine’s Best Workplaces For 2019

LYNC Logistics has been named one of Inc. magazine’s Best Workplaces for 2019, its fourth annual ranking in the fast-growing private company sector. Hitting newsstands on May 28 in the June 2019 issue, and as part of a prominent Inc.com feature, the list is the result of a wide-ranging and comprehensive measurement of private American companies that have created exceptional ... (click for more)

Chattanooga Chamber Calendar Of Events For May 28-31

May 28, East Brainerd Chamber Council Meeting 11:30 a.m. to 1 p.m. The Chattanooga Event Center: 2193 Park Dr. Speaker: Bev Brockman, The Entrepreneurial Mindset $12 May 28, Urban League of Greater Chattanooga Annual Entrepreneur Power Luncheon 11:30 a.m. to 1 p.m. The Chattanooga Convention Center: 1150 Carter St. Keynote Speakers: E.J. Reed, Clint Gray ... (click for more)

Breaking News

Person Pulled From Burning Home On Airport Road Saturday Morning

A person was pulled from a burning home on Airport Road on Saturday morning. Chattanooga firefighters were dispatched to 900 Airport Road Lot #92 on a residential structure fire with entrapment at approximately 9 a.m. Incident Commander Lieutenant Jack Babb reported fire and smoke showing upon arrival. Two residents had exited the structure prior to firefighters arrival, but ... (click for more)

Dallas Bay Volunteer Fire Department Saves Boat From Fire Saturday Afternoon

The Dallas Bay Volunteer Fire Department saved a million-dollar boat Saturday afternoon. A boat owner called 911 reporting a boat fire located at the Chattanooga Yacht Club at 9400 North Hickory Valley Road. The Dallas Bay VFD responded by boat and arrived on the scene reporting smoke and flames in the engine area. Firefighters quickly extinguished the fire due to 900 gallons ... (click for more)

Opinion

It Is Outrageous That County School Administration Used Our Tax Dollars For Political Lobbying

Dear Dr. Johnson, The campaign central at HCDE headquarters needs a Tennessee Little Hatch Act study time and education. The heart of the issue is that HCDE utilized our tax dollars to lobby against vouchers with employee time, equipment, and lobby payments. Here is my point, I supported ESA vouchers for Hamilton County, and so did a lot of families that desired parental ... (click for more)

Roy Exum: The Easy Way To Win

Within hours after the shocking news came Tuesday that a Twin Cities university was booted out of the Minnesota Intercollegiate Athletic Conference “because St. Thomas won too much,” some of the talking heads in the news media put the blame squarely where it belongs. In a nation where 35 percent of the population is on some type of welfare and more than 10 million illegal immigrants ... (click for more)