ATLASBX Co., LTD will locate its first U.S. manufacturing facility in Clarksville, TN. The global automotive battery manufacturer will invest $75 million and create approximately 200 jobs in Montgomery County.
“Tennessee is known for its intelligent, hard-working population,” said Ho Youl Pae, CEO of ATLASBX. “Clarksville’s thriving economy and skilled workforce appealed to our company and led to this decision, which we believe will allow our company to experience significant growth.”
A manufacturer of storage batteries primarily in South Korea, ATLASBX produces batteries for traditional passenger cars, light trucks, electric vehicles, commercial vehicles, boats and recreational vehicles. ATLASBX plans to build a new manufacturing facility that will be completed by 2020. The company will produce approximately 2.4 million batteries per year at the Clarksville facility, with a dedicated Absorbent Glass Mat (AGM) line, a high-performance battery for start-stop vehicles.
“We are proud to welcome ATLASBX to our state and thank the company for choosing Clarksville as the location for its first US manufacturing facility,” said Governor Bill Haslam. “Our central location and business-friendly environment continue to make Tennessee the perfect place for manufacturing companies to locate operations. I appreciate ATLASBX for creating approximately 200 jobs in Montgomery County and this investment is one more example of how Tennessee will lead in the creation of high-quality jobs.”
The company currently operates two manufacturing plants in South Korea, which is also the location of its global headquarters office. ATLASBX is a sister company of Hankook Tire, which officially opened its tire manufacturing plant in Clarksville in October 2017. ATLASBX also maintains a headquarters office in Nashville that was established in 2017.
“I appreciate ATLASBX’s decision to locate its first U.S. manufacturing facility in Clarksville and create 200 jobs in Montgomery County,” said Tennessee Department of Economic and Community Development Commissioner Bob Rolfe. “Our department places a strong emphasis on foreign direct investment and South Korean companies continue to be a great partner. Today, more than 3,000 Tennesseans are employed by South Korean companies, representing a private capital investment in excess of $1 billion. We thank ATLASBX for creating these high-quality jobs for our state and look forward to seeing the company’s future growth in Tennessee.”
“We are pleased to welcome ATLASBX to Montgomery County. With more than 70 years of business experience and importing to 130 countries, ATLASBX is positioned to be the global leader in the automotive battery industry. The prepared site in the corporate business park provides ATLASBX with a six-month head start in becoming that global leader,” said Montgomery County Mayor Jim Durrett. “Montgomery County continues to be a preferred location for international companies. I’m often asked, what makes Montgomery County so attractive? My first response is the people. We are not only looking for partnerships, we are looking for relationships.”
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