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…]