Electrolux Chooses Memphis To Open New Manufacturing Plant
Release date: 12/15/2010
Today at the Annual Chairman’s Luncheon, the Greater Memphis Chamber’s 2011 Chairman, Joe DeVivo, Chamber president, John Moore, Mayor Luttrell and Mayor Wharton, along with Commissioner Kisber and Governor Bredesen announced that Electrolux will open a manufacturing plant here.
Electrolux is a global leader in home appliances, appliances for professionals and the largest manufacturer of major cooking appliances. In North America, Electrolux produces cooking appliances under the brands Electrolux®, Electrolux ICON® and Frigidaire® brands.
A new 700,000 square foot manufacturing center will be built starting in early 2011 in the Frank C. Pidgeon Industrial park and represents an investment of more than $190 million. The facility will employ more than 1,200 people when it is fully operational.
“We are very pleased to have found a great location for our new manufacturing center,” said Kevin Scott, president, Electrolux Major Appliances—North America. “Important decisions like this are never easy, but this one became very clear-cut for Electrolux because of the extensive support we received from state, city and county elected officials and governing bodies.”
Electrolux conducted a comprehensive study of the potential locations for the new manufacturing center, and Memphis was chosen based on several key factors:
• Lower cost structure—transferring the production to Memphis will allow Electrolux to reduce its current cost structure while continuing to produce industry-leading, innovative products that are competitively priced.
• Memphis’s resources and location advantages—Electrolux was also attracted by the skilled labor pool in the Memphis area, and the area’s central location and excellent logistics, which will improve access to the company’s key markets, customers and suppliers.
• Synergies with other plants—the company will be able to better leverage its existing base of resources, especially those at its cooking operations in Springfield, TN.
The Greater Memphis Chamber is the lead economic development agency for Memphis/Shelby County, and is a private, non-profit, membership-driven organization comprised of 2,300 business enterprises, civic organizations, educational institutions and individuals.