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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 This material may not be published, broadcast, rewritten or redistributed.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 82 82 6,187
MORTGAGES 74 74 7,376
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 177 177 13,486
BANKRUPTCIES 55 55 4,629
BUSINESS LICENSES 34 34 2,374
UTILITY CONNECTIONS 71 71 4,967
MARRIAGE LICENSES 34 34 1,494

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