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Knoxville company building $12 million plant in Hardin Valley

Posted at 1:26 am December 17, 2016
By John Huotari Leave a Comment

peter-hedger-magnum-venus-products

Pictured above is Peter Hedger, chief executive officer of Magnum Venus Products, which is building a $12 million plant in Hardin Valley. (Submitted photo)

 

A Knoxville manufacturing company announced Thursday that it will build a $12 million plant in Hardin Valley that will create about 70 new jobs during the next five years.

The new Magnum Venus Products, or MVP, plant will be in the Hardin Business Park off Hardin Valley Road in west Knox County. Among other things, MVP makes high-tech pumps and works in the composites industry.

Construction of the new 80,000-square-foot plant will occur in two phases. The first 40,000-square-foot expansion phase will be completed next year, a press release said. The second phase of the expansion will add another 40,000 square feet.

Magnum Venus Products plans to occupy the new facility in the second half of 2017. [Read more…]

Filed Under: Business, Business, Front Page News, Knox County, Slider Tagged With: composites equipment, composites industry, Hardin Business Park, Hardin Valley, Hedger family, high-tech pumps, Knoxville Chamber, Lenoir City Utilities Board, Magnum Venus Products, MVP, Oak Ridge National Laboratory, Peter Hedger, Randy Boyd, Roger Osborne, Tennessee Economic and Community Development, Tennessee Valley Authority, The Development Corporation of Knox County, Tim Burchett

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