Manchester, Tennessee – Polyurethane manufacturer Aspen Technologies Inc has announced plans to build a US$5.1m (EUR3.7m) plant in Manchester Industrial Park.
Estimated to bring 161 jobs to the local economy, the move is partly based on the wealth of Aspen clients based in the region, according to a statement from company president Keith Quinn.
"We're really excited about the Tennessee area. The people down there have just been incredible," he said.
Aspen makes the polyurethane safety mouldings that go on vehicles that help absorb impact during collisions and also produces military knee pads and moulded sports memorabilia like the Ultimate Fan MLB Foam Hand, an interpretation of the foam finger.
Hiring for Aspen Technical's Manchester plant is expected in June while production has been earmarked to start the first week of July.
XE conversion: 7 April