TIPTONVILLE, Tennessee – Global company invests $ 150 million in West Tennessee.
Officials from Tennessee and Sinova Global announced Tuesday that the company is bringing a silicon metal refining plant to Tiptonville.
The new site will be located in the Lake County Industrial Park, adjacent to Port of Cates Landing, the press release said.
The press release said this will help the Canadian company retain access to its quartz deposit in Golden, British Columbia.
âCanadian companies have committed to investing more than $ 750 million in Tennessee over the past five years. We thank Sinova Global for choosing Lake County for this project as it will have a huge impact on the most troubled county in our state and on those who live in the area. The company’s $ 150 million investment in Tiptonville will not only expand Sinova’s global footprint, but will also improve the business climate and the economic situation in Lake County, âsaid Bob Rolfe, department commissioner. economic and community development of Tennessee.
Local leaders say they hope this will be a big change for a county still on the state’s list of distressed counties.
âThis will be a major economic boost for Tiptonville, Lake County and the entire region. Our community will have good jobs closer to home, which we have been hoping for for years, âsaid Tiptonville Mayor Cliff Berry, Jr.
âIt has been a blessing to work with the governor’s economic development team. I want to take Lake County off the struggling counties list and see many more businesses lining up to come to Lake County. This project will be transformative for Lake County and for the Port of Cates Landing! Said Lake County Mayor Denny Johnson
This will be Sinova’s first manufacturing operation in Tennessee.
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