(The following appeared on The Journal of Commerce website on May 3, 2011.)
WASHINGTON, D.C. — A Japanese manufacturer of large-scale power transformers will build a new factory at a Memphis, Tenn., site that will use Canadian National Railway tracks, access to Mississippi River barging and trucking to move goods in and out.
Mitsubishi Electric Power Products, based in Warrendale, Pa., will break ground May 10 on a $200 million, 350,000-square-foot factory at the Rivergate Industrial Park. It should begin production at the 100-acre site in April 2013 with 90 workers, the company said, and the factory will eventually employ about 275.
The company is the U.S. subsidiary of Japan’s Mitsubishi Electric. The Memphis plant will build transformers for the North American market, which it now serves with units sent as project ocean shipments from Japan, as the U.S. tries to modernize its energy grid.
Full story: www.joc.com