Avancez officials announced the company will invest $54 million to expand its assembly operations and locate a new facility on Ford Motor Company’s BlueOval City Supplier Park.
Avancez will join Magna at the Stanton site, creating an additional 501 new jobs in Tier 4, At-Risk Haywood County.
The Tennessee assembly plant will be the company’s third location in the U.S. and positions Avancez in closer proximity to its key automotive customers across the Southeast.
Founded in 2012, and headquartered in Warren, Michigan, Avancez specializes in complex modular assembly, sequencing and other supply chain operations for automotive original equipment manufacturers (OEMs). Upon completion of the project, Avancez will employ more than 4,000 people between its locations in U.S. and Canada.
Avancez is the second automotive tier 1 supplier to announce its plans to locate in Tennessee since July. With investments from companies like Avancez, the state continues to make significant strides in electric vehicle (EV) manufacturing. During Governor Lee’s administration, over $15.8 billion has been invested in Tennessee and more than 13,200 new jobs have been committed through EV-related projects.
Quotes
“Tennessee’s longstanding history in the automotive industry has propelled our state forward as a powerhouse in the electric vehicle evolution. I thank Avancez for creating hundreds of new jobs for the skilled workforce in Haywood County and look forward to the economic prosperity this project will bring to West Tennessee.” – Gov. Bill Lee
“Landing Ford Motor Company created a ripple effect statewide as we continue to see tier 1 suppliers like Avancez choosing to locate in Tennessee. This company is bringing 501 new jobs to one of our state’s most rural regions, and I thank all our partners that came together to bring this project to reality.” – TNECD Commissioner Stuart C. McWhorter
“We’re thrilled to join Ford’s BlueOval City campus as we make a lasting commitment to Tennessee. We look forward to creating amazing development opportunities with the exceptional people of Haywood County. In partnership with Ford, we’re poised to forge relationships and build a better future for team members, families and friends alike. By linking arms, we’ll create a community committed to a brighter, more sustainable future as we drive progress and prosperity every step of the way.” – Kathryn Nichols, CEO, Avancez
“TVA and Southwest Tennessee Electric Membership Corporation congratulate Avancez on its decision to establish operations in Haywood County. Helping to support companies like Avancez that are creating jobs and investment in the region is fundamental to TVA’s mission of service. We are proud to partner with the Tennessee Department of Economic and Community Development, Southwest Tennessee Electric Membership Corporation, Haywood County and the City of Stanton to further that mission and celebrate this announcement together.” – John Bradley, TVA senior vice president of economic development
“The 501 new jobs and $54 million investment from Avancez is tremendous news for Haywood County and the surrounding region. We welcome this manufacturing business to Stanton and look forward to it being a part of the economic transformation of our region taking place due to BlueOval City. I appreciate the state and local officials who worked to secure these projects and bring more new jobs to West Tennessee.” – Sen. Page Walley (R-Savannah)
“The economic boom that is BlueOval City continues to ripple through Haywood County. We’re excited to welcome Avancez to Stanton and the more than 500 new jobs it’s assembly plant will bring. BlueOval City is a blessing for the people of West Tennessee, and we’re thankful for all of the state and local officials who are continuing to work hard on this project.” – Rep. Johnny Shaw (D-Bolivar)
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth.
TNECD Media Contact:
Lindsey Tipton
Director of Communications
(615) 339-6608
Lindsey.Tipton@tn.gov
