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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 58 191 6,775
MORTGAGES 140 344 12,588
FORECLOSURE NOTICES 23 67 2,874
BUILDING PERMITS 199 386 17,166
BANKRUPTCIES 56 201 7,012
BUSINESS LICENSES 17 65 2,307
UTILITY CONNECTIONS 71 311 9,241
MARRIAGE LICENSES 24 74 1,991

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