KNOXVILLE - HTS International Corp. announced Thursday it will invest $21.4 million to establish its headquarters in Knox County.
The company plans to create about 200 jobs during a four-year span, according to a release from the Tennessee Department of Economic and Community Development.
“A global company can choose to establish its headquarters anywhere in the world,” Gov. Bill Haslam said. “HTS International’s decision to establish its first U.S. manufacturing facility in Knox County underscores our skilled workforce and the hub of advanced manufacturing activity in Tennessee.”
Employment in Tennessee's manufacturing sector has grown more than 33 percent since 2010, which is four times higher than the nation's growth average, according to state Department of Economic and Community Development Commissioner Randy Boyd.
HTS International creates thermal cooling channels to help reduce cycle time for injection molding and die casting processes. The company’s customers include OEMs, Tier 1 automotive suppliers and other companies in the consumer products and packaging industries.
The operations in Knox County’s Pellissippi Corporate Center will be HTS International’s first facility in the U.S.
HTS International CEO William Sames said the Knoxville area is a strategic location for his company.
“East Tennessee is very central and close to the manufacturers we supply,” Sames said.
In additional to the HTS headquarters, the company plans to house a research and design lab, a metallurgical lab and manufacturing equipment for production in the facility.
The facility will include 10,000 square feet of office space. It will also include between 50,000 and 60,000 square feet of space for research, design and production.
Sames said he’s seeing his technology “revolutionize” the die casting and molding industries.
“Knox County is extremely lucky for HTS International to locate its headquarters, research and development and manufacturing operations in the Pellissippi Corporate Center,” Knox County Mayor Tim Burchett said.
Construction of HTS International’s new Knox County facility is expected to begin in early 2017.
(© 2016 WBIR)