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VOL. 125 | NO. 243 | Wednesday, December 15, 2010

It’s Official: Electrolux Coming to Memphis

BILL DRIES & ANDY MEEK

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With a mock kitchen as a backdrop, Tenn. Gov. Phil Bredesen and state economic development commissioner Matt Kisber made the formal announcement that Electrolux, a Swedish manufacturer of appliances, will build a $190 million manufacturing plant in Memphis.

Construction will begin in early 2011. The completion date is the fourth quarter of 2013, but the transition to Memphis for the facility from a Montreal plant that is closing will begin in mid 2012.

The formal announcement of the move, which will bring 1,200 jobs with it, was made at the Greater Memphis Chamber annual luncheon Wednesday.

Memphis Mayor A C Wharton Jr. said the negotiations with Electrolux, which were code named Project Journey, began two months ago and moved rapidly.

"We really scrambled on this," he said after the luncheon. "This is one of the most intense efforts I've ever been involved in. Anytime we made a promise, I was able to point to the individual who would be able to deliver on that promise."

As Wharton and Bredesen and other leaders were speaking on the kitchen set at The Peabody hotel, Electrolux executives in Charlotte confirmed the move in a written statement.

The Memphis plant in the Frank C. Pidgeon Industrial Park of southwest Memphis will make Electrolux and Frigidaire brand ranges, wall ovens and cook tops.

The 700,000-square-foot Memphis plant will be built on 800 acres of land. The city and county mayors will seek $20 million from each local government for public infrastructure, including roads into the industrial park. The state of Tennessee is putting up another $92 million for infrastructure and facilities at the industrial site.

The average wage for workers at the plant will be $13.50 an hour plus benefits.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 157 10,439
MORTGAGES 81 169 12,186
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 476 639 22,636
BANKRUPTCIES 58 122 7,212
BUSINESS LICENSES 16 35 3,640
UTILITY CONNECTIONS 35 148 7,812
MARRIAGE LICENSES 16 48 2,628

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