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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 This material may not be published, broadcast, rewritten or redistributed.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 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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