Tiptonville, Tenn.–Governor Bill Lee and other state and local officials broke ground today for construction of a Sinova Global facility in Tiptonville, a $150M state-of-the-art manufacturing plant that will produce 140 new jobs.
The Company is constructing a modern silicon metal manufacturing facility (known as Sinova Silicon) on a 148 acre site in the Lake County Industrial Park which will be transformational for the region. State officials noted that Lake County is Tennessee’s most distressed county.
It will create up to 140 new jobs and provide refined material serving the rapidly developing renewable energy, energy storage and automotive industries in the area. Construction of phase one is expected to be complete in 2024 with full production reached during the first half of the year. The construction phase is expected to generate approximately 250 to 400 jobs.
The event celebrates the award of all necessary permits for construction and a multiyear agreement with federally owned electric utility corporation The Tennessee Valley Authority (“TVA”) to provide responsibly sourced power. The company also today announces the appointment of Tenova Inc. (“Tenova”) and CV Engineering Inc. (“CV Engineering”) to build the plant.
The event was attended by Tennessee Gov. Bill Lee; Department of Economic and Community Development Commissioner, Stuart McWhorter; TVA Senior Vice President of Economic Development, John Bradley; Francesco Memoli, President and CEO of Tenova Inc.; Kalyan Sennerikuppam, President of CV Engineering; Local community members and Jayson Tymko, Chief Executive Officer of Sinova Global.
Sinova Global Chief Executive Officer, Jayson Tymko, said:
“It is clear that real momentum is building to deliver on the promise of a sustainable energy future. For Sinova that means a shared benefit, in all that we do, with a global community and our special, local community who are central to our mission.
“We are pleased to have received all the permits required to commence construction and to partner with TVA who, along with the Tennessee Department of Economic and Community Development, are helping to build a world class operation.
“To have reached this exciting point in our development is the result of considerable effort by many people for which, on behalf of Sinova, I thank everyone. There is more work to be done before we meet here in the future when our operation commences – but I speak for all of us when I say it feels great to be building.”
Tennessee Gov. Bill Lee, said:
“Tennessee is leading the nation with a strong business climate and highly skilled workforce, and our rural communities are no exception. I thank Sinova Global for its commitment to invest $150 million in Lake County and create 140 new jobs for Tennesseans.”
Dept. of Economic and Community Development Commissioner, Stuart McWhorter, said:
“We are proud to join Sinova officials as the company breaks ground on its first manufacturing operations in Tiptonville, Tennessee. Sinova’s significant investment and commitment to creating 140 new jobs in Lake County, our state’s most economically distressed region, will be monumental for this community, and we look forward to seeing the success that follows this project in the years to come.”
Tennessee Valley Authority Senior Vice President of Economic Development, John Bradley, said:
“TVA is pleased to partner with Sinova Global to provide reliable, low-cost, low-carbon energy to its new plant in Tennessee, bringing quality job opportunities and investment to Lake County. We, along with our federal, state and local partners are proud to support companies like Sinova Global, celebrate this groundbreaking together.”
Lake County Mayor, Danny Cook, said:
“This is a great day for the citizens of Lake County. We are so pleased that Sinova Global has chosen to locate their new facility here. We know that this industry will provide much needed employment opportunities for our community, and we believe it will be the catalyst for even more economic growth for the surrounding area as well. We look forward to a long and successful relationship with Sinova as we look to the future.”
Francesco Memoli, President and CEO of Tenova Inc., said
“The Tenova Group is particularly proud to be the process technology partner of Sinova. Together we are building the most modern and efficient silicon metal plant in North America, contributing to the reshoring of an essential part of the supply chain for the semiconductor and solar industries to secure clean energy leadership in these challenging times for the planet.”
Kalyan Sennerikuppam, President of CV Engineering, said:
“CV Engineering is excited for this important project in the state of Tennessee. This plant will be utilizing state of the art technology to produce the highest grade silicon metal. We are proud to be part of this project that is poised to support the transition to green energy.”
Sinova Silicon – A Landmark Project for North America
The Company is constructing a modern silicon metal manufacturing facility (known as Sinova Silicon) on a 148 acre site near Tiptonville, Tennessee in the Lake County Industrial Park which will be transformational for the region. It will create up to 140 new jobs and provide refined material serving the rapidly developing renewable energy, energy storage and automotive industries in the area.
Construction of phase one is expected to be complete in 2024 with full production reached during the first half of the year. The construction phase is expected to generate approximately 250 to 400 jobs.
Located immediately south of the junction of the Ohio and Mississippi Rivers, Cates Landing also benefits from lock-free shipping routes to the deep-water ports on and along the Gulf of Mexico, such as New Orleans, Louisiana and Mobile, Alabama. The location provides access to high-voltage power with excellent highway and rail connections.