Tennessee is set to welcome INTOCAST, a leading global manufacturer of refractory products, as it announces plans to establish its first U.S. manufacturing operations in the state. Governor Bill Lee, alongside Department of Economic and Community Development Commissioner Stuart C. McWhorter, revealed that the company would invest a minimum of $15 million and create 103 new jobs in Carroll County.
The state-of-the-art mega class factory, to be located at the Huntingdon Industrial Park South, signifies a major stride in INTOCAST’s American presence. Specializing in the production of magnesia-carbon (MgO-C) refractories, the facility aims to cater to the U.S. market, supporting the iron and steel industries. A groundbreaking ceremony marks the commencement of this ambitious project, with construction expected to kick off in July.
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INTOCAST, headquartered in Germany, boasts a significant global footprint with 2,000 employees worldwide. The move into Tennessee is seen as a strategic expansion to serve the U.S. market more effectively. This initiative aligns with Tennessee’s ongoing efforts to stimulate economic development in the Northwest region, which has seen nearly 25 projects since 2020, creating approximately 1,800 jobs and $595 million in capital investments.
Governor Lee expressed enthusiasm about the project, emphasizing the importance of job creation in rural areas and the positive impact it has on the state’s overall prosperity. Commissioner McWhorter highlighted Tennessee’s attractive business environment as a key factor in INTOCAST’s decision to locate its operations in the state.
INTOCAST AG CEO Matthias Normann highlighted the significance of the new facility, noting it as a critical step towards enhancing the company’s service offerings in the American market while also contributing to local economic growth. Huntingdon Mayor Nina Smothers and representatives from the Tennessee Valley Authority (TVA) and local agencies expressed their support and excitement for the project, acknowledging the collaborative effort that made this development possible.
The initiative is hailed as a testament to Tennessee’s appeal to international businesses, showcasing the state’s skilled workforce, strategic location, and business-friendly climate. As INTOCAST begins its journey in Carroll County, local leaders and state officials are optimistic about the positive economic impact and the future prospects of this significant investment.
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