Symmco Inc. will invest $13.1 million to expand and locate new manufacturing operations in Tier 4, at-risk Hawkins County, Tennessee.
Symmco will create 86 new jobs in Surgoinsville over the next five years as the company locates in an existing facility at 386 Phipps Bend Road.
Symmco’s expansion to Tennessee will position the manufacturer to be geographically closer to its largest consumer base while also allowing for increased production capacity, sales volume and potential new partnerships with sub suppliers.
Founded in 1952, Symmco Inc. specializes in the manufacturing of powdered metal for customer-engineered components and stock products, which serve many industries including lawn and garden, medical, power transmission and others. In addition to its manufacturing operations, Symmco also performs secondary machining and in-house tool design. The company’s 86 new jobs will increase its total number of U.S. employees to nearly 300.
Since 2018, TNECD has supported nearly 40 economic development projects in the Northeast Tennessee region, resulting in more than 3,500 job commitments and $1 billion in capital investment.
Governor Bill Lee said, “Tennessee’s strong business climate and skilled workforce continue to attract companies to every part of the state, and our rural communities are no exception. I thank Symmco for its decision to invest in Hawkins County so that Tennesseans across the region can thrive.”
The CEO and Pennsylvania president of Symmco, Inc. Beth Kriste stated, “It has been my dream for many years to expand our business to the southern states and be closer to our major customers. This expansion will not only bring jobs to the area but new powder metal press and furnace technology. I am excited to see this vision become reality.”
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. For more information about the TNECD visit tnecd.com.
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