Mitsubishi Electric Power Products, Inc. announced yesterday that it has selected Memphis, Tennessee, as the headquarters for the company’s heavy electrical equipment production in North America.
A new $200 million, 350,000-sq.-ft. facility will initially produce large power transformers, occupying almost 100 acres in the Rivergate Industrial Park. Plans call for the plant to open with 90 employees and reach about 275 at full production.
Mitsubishi Electric Power Products expects to hire most employees locally, with recruiting set to begin this year. This will be followed by extensive employee training throughout 2012 in Memphis and Japan.
In addition to local jobs, the new plant will require numerous local suppliers for machined and fabricated materials and other products and services.
