How Much is Sinova Global Investing in Right to Work Tennessee?
Sinova Global is investing $150 million in order to add its first manufacturing location in Right to Work Tiptonville, Tennessee. This will serve as the company’s silicon metal refining plant. In addition, the company also plans to create 140 new jobs with this new location. So this is exciting news for Lake County’s economy!
From Area Development Magazine:
“Sinova is excited to join the Tennessee business community in Lake County. The huge support we have received from all levels of government was an important factor in our decision to select Tiptonville as the site for our new, state-of-the-art silicon metal plant. Tennessee’s attractive business environment, integrated supply chain, skilled workforce, and supportive regulation means we can rapidly develop our operations to supply the growing energy storage, solar power, aluminum and EV markets. We look forward to growing alongside the community as we create an essential element necessary for the clean energy transition.” […]
“Canadian companies have committed to invest more than $750 million in Tennessee over the last five years. We appreciate Sinova Global for choosing Lake County for this project, as it will make an enormous impact on our state’s most distressed county and those that live in the region. The company’s $150 million investment in Tiptonville will not only expand Sinova’s global footprint, but also enhance the business climate and economic status in Lake County.”
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