Schneider Electric invests $140 million to increase U.S. manufacturing and build a new plant in Tennessee
Schneider Electric has announced plans to improve its domestic manufacturing operations with a total investment of $140 million, generating 750 new jobs in the process. Of this investment, $85 million will be used to open a new plant in Mt. Juliet, Tennessee, and upgrade an existing facility in Smyrna, Tennessee. Both locations will be used to produce custom electrical switchgear and medium voltage power distribution products. Production at the new plant is expected to begin in 2024, and the facility will be fully operational in 2025. A total of 455 workers, both new and existing, will be employed by both plants.
In a recent quote, Aamir Paul, President, North America Operations, Schneider Electric, said, "The need for electrical infrastructure to support advanced computing and technological progress has never been greater. These investments will also support implementation of the Infrastructure Investment and Jobs Act and Inflation Reduction Act by strengthening domestic supply of products critical to boost America's electrification transformation. They will also further position Schneider Electric as a driving force behind this country's clean energy transition."
Investing in American Manufacturing - 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.