LINCOLN COUNTY, Tenn. – The Tennessee Department of Economic and Community Development has announced Nippon Steel and Sumikin Materials USA, Inc. will open a new manufacturing facility in Fayetteville. The metal substrate manufacturer will invest $5.7 million and bring 65 new jobs to the area.
“We are excited that Nippon Steel has decided to locate its first U.S. plant here in Tennessee,” said Economic and Community Development Commissioner Randy Boyd. “It is great to have Nippon Steel joining Team Tennessee and I want to thank them for creating valuable jobs in Lincoln County. I am eager to see their growth and progress.”
Nippon Steel’s new 62,000 square foot manufacturing facility is located in the Fayetteville-Lincoln County Industrial Park. The company plans to make modifications to the manufacturing space, install equipment and build out the office space.
“Thanks to the great support of Fayetteville-Lincoln County and the state of Tennessee, we are able to start operation of our first U.S. plant,” President of Nippon Steel and Sumikin Materials USA Taro Kono said. “We are excited to work in Fayetteville and contribute to air purification of automobile, motorcycle and many industrial equipment through providing our unique metal substrate.”
Nippon Steel is a major subsidiary of Nippon Steel & Simitomo Metal Corporation, the second largest steel making company in the world. Nippon Steel and Sumikin Materials manufactures a metal substrate for the automotive industry and is the only metal substrate manufacturer that produces the stainless foil raw material that is used the in the final product. The metal substrate is distributed globally.
“We are excited and honored that Nippon Steel & Sumikin Materials USA, Inc. has selected Fayetteville-Lincoln County as the location for its first U.S. operations,” Executive Director of Fayetteville-Lincoln County Industrial Development Board Elaine Middleton said. “As the newest member of our growing industrial family, we look forward to a long and rewarding partnership.”