Tennessee Economic and Community Development Commissioner Bill Hagerty along with officials from Microtherm, Inc. announced the company has leased the Blount Partnership spec building located at 1731 Fred Lawson Dr. in Maryville for a new manufacturing facility. The announcement represents an investment of $3,000,000 and the creation of 40 new positions in Blount County. Microtherm is a subsidiary of the Belgium-based Etex Group.
“Congratulations to Microtherm on this announcement, and thank you for your investment in our state,” Hagerty said. “I couldn’t be more pleased with the levels of capital investment we are seeing flow into Tennessee right now. It is especially gratifying for our state to be selected by a global company like the Etex Group for the site of their new Microtherm operations and speaks highly of our state’s business-friendly climate and educated workforce.”
Microtherm operates within Etex’s Promat International business group and manufactures specialty insulation for high temperature processes.
The product, also called Microtherm, saves energy, controls heat and reduces greenhouse gas emissions in petrochemical plants, molten metal processing and power generation systems including fuel cells, solar, nuclear and traditional fuels. The plant will also facilitate the US distribution of Promat products used as fire protection for marine, tunnel and building construction.... read the rest of the story by Subscribing now.