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VOL. 129 | NO. 50 | Thursday, March 13, 2014

Fresenius to Create 665 Jobs at New Knox Plant

AP

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KNOXVILLE (AP) – Renal services provider Fresenius Medical Care has announced it will locate its East Coast manufacturing facility in Knoxville, creating 665 jobs in the coming years.

Gov. Bill Haslam said in a release that the German company plans to spend up to $140 million on the project to build the plant in the city's Panasonic building.

Troy McGhee, vice president of manufacturing for Fresenius Medical Care North America, cited the available workforce, the existing facility and the location as factors in the decision to locate in Knoxville.

A first production line is scheduled to begin moving to Knoxville in September, but production is not expected to begin until 2016. The Federal Drug Administration would have to approve the plant for production of dialysis products.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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