South Korean companies have invested $5.4 billion and employ more than 6,600 people across the state. “We look forward to a long and productive relationship with this company and know they will be very successful here.” CLARKSVILLE, TN ( CLARKSVILLE NOW) LG Chem announced today it will build a 3.2 billion cathode manufacturing plant in Clarksville, creating 860 new jobs, with about 200 of those paying. “More than 60 jobs, paying a high wage will help our citizens take care of their families,” said Clarksville Mayor Joe Pitts. Clarksville Now is your local source for breaking news, community information and investigative journalism in Clarksville TN, Montgomery County and Fort Campbell. The IDB previously announced that the jobs will pay $55,000 to $150,000 per year, and that the factory will be a supplier for LG Chem. “This project brings more than jobs Dongha Electrolyte is committed to providing dedicated training and building career paths with high-quality wage opportunities,” Hopkins said Monday. “We’ll start seeing tax revenue from this project in year one.” IDB officials unveil “Project Atlantic,” which will be located at Site 9 in the North Industrial Park. “They will be generating over $3 million in estimated tax revenue in the first 10 years even with this PILOT,” she said at the meeting. Hopkins told the board the company has qualified for a Tier 3 10-year PILOT featuring a 31% tax discount over the term. Shea Hopkins, executive director of the IDB, previously said the factory, then called Project Atlantic, will be built on Site 9 of the industrial park. We appreciate the strong support from the State of Tennessee and Montgomery County to realize this investment.” Location for new plant “The 80,000 tons of electrolyte capacity will provide the best electrochemical technologies into the market to achieve this goal. “We are enthusiastic to participate in this journey of achieving 50-percent of electric vehicle shares by 2030 together with our customers in North America,” said SiJoon Lee, group CEO of Dongwha Electrolyte USA Inc. Since 2017, companies have pledged to create more than 12,000 new jobs and invested approximately $16 billion in the state through EV-related projects. “We look forward to welcoming them, their families, and their involvement in Montgomery County.”ĭongwha Electrolyte’s investment will further strengthen Tennessee’s position as a leader in the electric vehicle industry. “They will be a key component in EV battery production in support of LG Chem,” said Montgomery County Mayor Wes Golden. These jobs are an opportunity for our transitioning military and our emerging workforce,” Dellinger said “The EDC is pleased to fulfill our goal of providing high-paying career-producing jobs.

Dongwha Electrolyte will be a supplier to Blue Oval City (Ford) SK Inc., Ultium Cells and LG Chem, said Buck Dellinger, CEO, Clarksville-Montgomery County EDC.

Supply chain for EV industryĮV battery manufacturing is ramping up in Clarksville, with big announcements already from LG Chem and Microvast. officials announced today that the company will establish manufacturing operations in the U.S., locating its first facility here.ĭongwha Electrolyte’s Clarksville operations will better position the company to serve electric vehicle lithium battery producers across the Southeast while also supporting its growing customer demand for electrolyte and other electronic materials, the release said. Bill Lee and Dongwha Electrolyte USA Inc. With a population of over 200,000 and a population growth of 24% over the last decade.ĬlarksvilleIsHiring.CLARKSVILLE, TN ( CLARKSVILLE NOW) – A company that produces electrolytes used in lithium batteries will open a $70 million manufacturing plant in Clarksville, providing 68 jobs that pay $55,000 to $150,000 per year. Want to go higher? This is also the right place, because our great jobs come turbocharged with something more-the revved-up support of a robust economy generating $5 billion in capital investment and more than 7,500 jobs since 2000, making Clarksville a national leader in job growth. And that’s one reason people are flocking here, especially young people-our average age is 30. We are growing, and we are thriving, with median household incomes higher than the state average. Discover your opportunity to be part of a charming, diverse riverfront community just 40 minutes northwest of Nashville with an affordable cost of living. Discover Your Career in Clarksville-Montgomery County #OpportunityLivesHereĬlarksville-Montgomery County is one of the fastest-growing counties in Tennessee, Named #1 Best Place to Live in America, by in 2019.

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