Tennessee Tool and Engineering Inc. has broken ground on a 10,000-square-foot expansion in Bethel Valley Industrial Park, and the company could add up to 20 new jobs during the next three years, executives said.
The groundbreaking was for the company’s High Pressure Die Casting Division: TTE Casting Technologies Inc. The expansion was announced last week by Greg Palmer, TTE vice president/operations manager.
The expansion is part of a $5 million building and capital investment in Oak Ridge and Anderson County, the company said in a press release. Another expansion is planned for 2018 to include the machining operations at the Emory Valley Road location. The company does not plan to pursue tax abatements.
“The expansion will allow for three more 700-ton cast presses along with secondary machining equipment to meet the growing demand for the company’s products for the automotive and ATV industries,” Palmer said in the release.
He said the new construction will add up to 20 new jobs during the next 3 years and give TTE just under 90,000 square feet of manufacturing space in Oak Ridge and Anderson County.
Palmer said he was born and raised in the community and lives in Oak Ridge, and he and his wife have four children who have benefitted from attending the Oak Ridge School system.
“We want to do all we can to continue the positive growth in our community,” Palmer said.
He said the Oak Ridge Chamber of Commerce, Tennessee Department of Economic and Community Development, and Tennessee Valley Authority were very helpful in aiding the TTE expansion.
Founded in 1971 by Larry R. Palmer, president, TTE has grown to more than 160 full and part-time associates in three operating divisions: TTE Production Machining and Assembly Division, TTE Machine Automation Division, and TTE Casting Technologies Inc.
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