Innovation Valley Automotive Industry Continues to Grow

by Mac B
(Knoxville, TN)

Thyssen Krupp Waupaca, Inc., an automotive iron castings manufacturer, is planning to invest $162 million in the growth of its Etowah, Tennessee facility.

100 new jobs will be created by the East Tennessee investment, and the square footage of the factory will be doubled. Together with the 600-strong workforce already working in the facility, the new employees will build upon the growing strength of the auotomotive parts industry located in the Knoxville-Oak Ridge Innovation Valley.

"In an economy that has seen casting technology moving off-shore, we are bringing a solid basis for renewing the technology capability in America," said Gary Gigante, President and CEO of Thyssen Krupp Waupaca.

For more information about the growth of the automotive industry in the Knoxville-Oak Ridge Innovation Valley, visit knoxvilleoakridge.org.