New $553 million munitions facility in East TN to create 605 job - WRCBtv.com | Chattanooga News, Weather & Sports

New $553 million munitions facility in East TN to create 605 jobs

Posted: Updated:
Artist rendition of the new Advanced Munitions International headquarters planned for Blount County Artist rendition of the new Advanced Munitions International headquarters planned for Blount County

(WBIR – MARYVILLE) Gov. Bill Haslam announced Tuesday morning that Advanced Munitions International (AMI) will invest $553 million to build a new manufacturing facility in Alcoa’s Partnership Park.

Haslam said the new facility will create 605 new jobs.

Gov. Bill Haslam announces the new Advanced Munitions International facility at a news conference Tuesday morning. The facility is expected to create 605 new jobs.

“This is an industry leader creating jobs that require a highly skilled workforce as we continue toward our goal of becoming the No. 1 location in the Southeast for high-quality jobs,” Haslam said.

AMI is known in the firearms industry for its HPR Ammunition brand, a specially formulated ammunition that employs proprietary technology. The company supplies ammunition to the military, law enforcement and civilian markets.

"We are looking forward to a long relationship with Tennessee and to working with our new neighbors.” AMI founder Jim Antich said.

The company expects to break ground on the 235-acre site this spring and to open in the fourth quarter of 2018.

Read more at WBIR's website.

 

Powered by Frankly