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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 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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