Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Avancez officials announced today the company will invest $54 million to expand its assembly operations and locate a new facility on Ford Motor Company’s BlueOval City Supplier Park. Avancez will join Magna at the Stanton site, creating an additional 501 new jobs in Tier 4, At-Risk Haywood County.
The Tennessee assembly plant will be the company’s third location in the U.S. and positions Avancez in closer proximity to its key automotive customers across the Southeast. Founded in 2012, and headquartered in Warren, Michigan, Avancez specializes in complex modular assembly, sequencing and other supply chain operations for automotive original equipment manufacturers (OEMs). Upon completion of the project, Avancez will employ more than 4,000 people between its locations in U.S. and Canada.
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Avancez is the second automotive tier 1 supplier to announce its plans to locate in Tennessee since July. With investments from companies like Avancez, the state continues to make significant strides in electric vehicle (EV) manufacturing. During Governor Lee’s administration, over $15.8 billion has been invested in Tennessee and more than 13,200 new jobs have been committed through EV-related projects.
“We’re thrilled to join Ford’s BlueOval City campus as we make a lasting commitment to Tennessee. We look forward to creating amazing development opportunities with the exceptional people of Haywood County. In partnership with Ford, we’re poised to forge relationships and build a better future for team members, families and friends alike. By linking arms, we’ll create a community committed to a brighter, more sustainable future as we drive progress and prosperity every step of the way,” said Kathryn Nichols, CEO of Avancez.
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