March 12, 2014 – Renal services provider Fresenius Medical Care has announced it will locate its East Coast manufacturing facility in Knoxville, creating 665 jobs in the coming years.
Gov. Bill Haslam said in a release that the German company plans to spend up to $140 million on the project to build the plant in the city’s Panasonic building.
Troy McGhee, vice president of manufacturing for Fresenius Medical Care North America, cited the available workforce, the existing facility and the location as factors in the decision to locate in Knoxville.
A first production line is scheduled to begin moving to Knoxville in September, but production is not expected to begin until 2016. The Federal Drug Administration would have to approve the plant for production of dialysis products.
Source: Knoxvile News Sentinel