Company Plans to Invest $3.5 Million, Retain 172 Jobs & Create 25 New Jobs over Three Years
Governor Phil Bredesen and Tennessee Economic and Community Development Commissioner Matt Kisber today announced that New York-based Columbus McKinnon Corporation (NASDAQ: CMCO) plans to invest approximately $3.5 million to expand its operation in Lexington, Tenn., retaining 172 jobs and creating approximately 25 new jobs over the next three years.
“The jobs that Columbus McKinnon will retain and create with this expansion project are the type of solid manufacturing jobs on which Tennessee’s economy has thrived for decades,
” Governor Phil Bredesen said
. “We appreciate the company’s investment in Henderson County and congratulate its leadership on this exciting new chapter for the Lexington community.
“Columbus McKinnon is a powerful brand that crosses both geographic and industrial borders, and we at the state level are proud to partner in its expansion here in Tennessee,
” Commissioner Kisber said
. “We look forward to supporting Columbus McKinnon through continual growth for years to come.
The Lexington chain facility, also known as the CM Chain operation, makes a variety of chain and assembly designs for industrial applications, primarily used for overhead lifting, positioning and load securement. The Lexington plant also supplies electric hoist chain to the company’s various hoist manufacturing locations. CMCO is a recognized leader in the industrial and entertainment hoist business.
The 165,000-square-foot Lexington facility, which was established in 1971, houses operations including welding, assembly, heat treating and finishing of chain and chain assemblies. The expansion will include infrastructure improvements such as building modifications and power upgrades, as well as the addition of chain manufacturing and heat treating equipment.
As new employment positions are identified, they will be posted at the Tennessee Career Center in Lexington. Applicants must apply at the Career Center, located at 67 West Church Street.