$150M investment in Lebanon largest ever in Tennessee for a China-based company

$150M investment in Lebanon largest ever in Tennessee for a China-based company

Exciting news in the ceramics industry.  According to the Nashville Business Journal where this news was released and written by editor, Eric Snyder.  Another ceramic tile company is investing millions of dollars into Middle Tennessee. State officials announced today that China-based Wonderful Group will invest $150 million to build a facility in Lebanon, its first investment in the United States. The facility will create 220 jobs. “This is great news not only for Lebanon and Wilson County, but for the entire state. Wonderful Group’s commitment represents the largest capital investment made by a Chinese-based project in the state’s history,” Randy Boyd, commissioner of the Tennessee Department of Economic and Community Development, said in a news release. “We are honored that Tennessee will be home to Wonderful Group’s first manufacturing facility in the country, and I look forward to building a strong relationship with the company in the years to come.” The 500,000-square-foot plant will be located in Wilson County’s Cherry Farm industrial site. With construction underway, it is expected to be operational in late 2016. The region has won a number of ceramic tile facilities in recent years. In April 2014, Tecnotiles Inc., an Italian tile-finishing firm, announced a $3 million investment to launch its U.S. operations in Lebanon. In March 2014, Mohawk Industries announced a $180 million facility for Dickson County. The following are excerpts from today’s news release: Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Wonderful Group officials announced today the company has selected Lebanon as the site of its first U.S. operations. In an effort to expand its presence in the world market, Wonderful...