Mitsubishi Electric Power Products, Inc. announced that it has selected Memphis, Tennessee, as the headquarters for the company's heavy electrical equipment production in North America. A new $200 million, 350,000 square foot facility will initially produce large power transformers, occupying almost 100 acres in the Rivergate Industrial Park. Plans call for the plant to open with 90 employees and reach approximately 275 at full production.
Mitsubishi Electric Power Products expects to hire most employees locally, with recruiting set to begin this year. This will be followed by extensive employee training throughout 2012 in Memphis and Japan. In addition to local jobs, the new plant will require numerous local suppliers for machined and fabricated materials and other products and services.
"From the beginning, we planned a world-class facility capable of meeting the challenging quality, reliability, and cost expectations of our customers," said Brian Heery, president and CEO of Mitsubishi Electric Power Products. "We needed a large waterfront site near a city that could support our recruiting and training goals. Memphis was chosen for its strengths in these areas and the support of its state and local leaders. We’re very appreciative of the personal involvement of the Tennessee Governor’s Office, Memphis Mayor A. C. Wharton, and the state’s Department of Community and Economic Development. We also appreciate the sincere efforts of Shelby County Mayor Mark Luttrell, the Greater Memphis Chamber of Commerce, Belz Enterprises, and the Memphis business community to present an overall package that meets our needs."