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VOL. 126 | NO. 14 | Friday, January 21, 2011

Kruger Inc. Eyes Expansion in Memphis

By Andy Meek

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Memphis may be landing another big economic development win from Canada, with the possibility of paper, packaging and tissue maker Kruger Inc. reportedly eyeing a major expansion in Memphis.

Tennessee is “ready to offer an incentive package” to encourage Kruger to install a new machine at its existing Memphis plant, according to a report in the Montreal Gazette.

The paper also reported a Canadian development agency is talking with Kruger about instead financing a new machine at its mill north of Montreal – a roughly $100 million project.

Last month, Memphis scored a big corporate relocation, with the announcement Swedish appliance maker Electrolux is bringing its North American cooking products manufacturing center to Memphis. That plant, for which Electrolux is investing $190 million, would bring more than 1,200 jobs to Memphis.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 44 44 13,700
MORTGAGES 58 58 17,884
FORECLOSURE NOTICES 28 28 3,533
BUILDING PERMITS 0 0 32,303
BANKRUPTCIES 78 78 13,081
BUSINESS LICENSES 25 25 4,730
UTILITY CONNECTIONS 121 121 20,021
MARRIAGE LICENSES 33 33 4,230

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