Mitsubishi Electric Announces $200M Memphis Plant
It’s not your typical sweetheart deal, but it certainly is a nice valentine.
Mitsubishi Electric announced today it will build a $200 million transformer manufacturing plant in Memphis.
Discussed under the code name Project 21, the new plant will be located in Rivergate Industrial Park and will employ 275 people in manufacturing and management jobs.
The code name stems from the company’s shorthand for the project — TR 21 — or transformers for the 21st century.
Maybe we should mention these transformers aren’t the Michael Bay version, but high-voltage transformers that will play a role in replacing America’s aging energy infrastructure and electric grids.
Also in attendence were Tennessee Governor Bill Haslam, Greater Memphis Chamber president John Moore, Rudy Gay, Shelby County Mayor Mark Luttrell, and Memphis Mayor A C Wharton.
“We’re going to go where we have to go and do what we have to do to bring new jobs to Memphis, Tennessee,” said Wharton.