ATC Drivetrain to Establish Manufacturing Operations in Knoxville
Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and ATC Drivetrain officials announced the company has selected Knoxville as the location for its newest manufacturing facility.
ATC Drivetrain, a leading global independent remanufacturer of automotive powertrain and drivetrain systems, will invest $8.3 million and create 218 new manufacturing jobs in Knox County over the next five years. This is the latest of several new investments ATC Drivetrain has made recently, including the implementation of new technologies and capabilities in the global battery and electric vehicle powertrain market and an increased presence in the commercial vehicle market.
ATC Drivetrain offers original equipment manufacturers (OEMs) a local solution by utilizing a combination of progressive engineering and state-of-the-art equipment to produce like new transmissions and engines. The site is scheduled to begin production in April 2022 and will support the company’s growing remanufacturing and battery life cycle management businesses.
Founded in 1938 and headquartered in Farmington Hills, Michigan, ATC Drivetrain supplies remanufacturing products and services to various international blue-chip automakers. In addition to operations in Europe and Asia, the Knoxville facility will be ATC Drivetrain’s third manufacturing facility in the U.S. ATC Drivetrain currently operates two manufacturing facilities and a distribution center in Oklahoma City, Oklahoma.
In the last five years, TNECD has supported 13 economic development projects in Knox County resulting in more than 1,400 job commitments and approximately $158 million in capital investment.
Source: State of Tennessee ECD
The East Tennessee Economic Development Agency markets and recruits business for the 15 counties in the greater Knoxville-Oak Ridge region of East Tennessee. Visit www.eteda.org
Published March 16, 2022