Ferrari Stampi USA Inc. announced they will invest $1.4M to expand manufacturing operations at the company’s U.S. headquarters in Clarksville.
As a result of the project, Ferrari Stampi will create 30 new jobs in Montgomery County over the next five years.
Ferrari Stampi’s expansion at its Dunbar Cave Road location is a direct result of the company’s decision to purchase Poligraph USA, which will support additional production lines at its U.S. headquarters and help grow its overall customer base.
Founded in 2014 by Italian-based Ferrari Stampi, Ferrari Stampi USA Inc. specializes in the production and manufacturing of mold and die for ceramic tiles. The company’s U.S. headquarters in Clarksville is equipped with cutting-edge machinery and technology, and with the addition of 30 new jobs, Ferrari Stampi will more than double its total U.S. headcount.
Since 2018, TNECD has supported 15 economic development projects in Montgomery County, resulting in approximately 3,000 job commitments and $1.3 billion in capital investment.
The President of Ferrari Stampi USA, Luca Silvestrini said, Tennessee Governor Bill Lee stated, “I thank Ferrari Stampi for its commitment to job creation in Montgomery County. I’m confident our state’s strong business climate and skilled workforce will support this company’s expansion and success in the years to come.”
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. Follow on Twitter, Instagram and LinkedIn. Like on Facebook. Subscribe to the TNECD YouTube channel.
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