HTS Intl. to Build $21M HQ, Manufacturing Plant in U.S.

October 21, 2016

2 Min Read
HTS Intl. to Build $21M HQ, Manufacturing Plant in U.S.
A HTS International product made with injection molding. Image courtesy of HTC International

Industrial tooling and thermal management solutions prover HTS International announced plans Thursday to invest $21.4 million in the construction of its first facility in the U.S. in Knox County, TN., adding 200 positions over the next four years, according to a press release issued by Tennessee Gov. Bill Haslam’s office.

The Knoxville-area facility will contain an R&D lab, metallurgical lab, and metal additive manufacturing equipment in between 50,000- to 60,000-sq.-ft. The site will also house the company’s new global and North American headquarters. The company said about 10,000-sq.ft. of office space will be built.

“Our core mission for our U.S. operations is making U.S. manufacturers more efficient and competitive on a global scale,” the chief executive officer of HTS International, William Sames, said in a statement. “East Tennessee is very central and close to the manufacturers we supply. With the increasing automotive presence in the Southeast, we see the Knoxville area as a strategic location for our engineering services.”

HTS International’s customers range from OEMs to Tier 1 automotive suppliers, as well as companies in the packaging and consumer products spaces. The company currently has production facilities in Italy and Slovenia, a European headquarters in Vienna, Austria, and sales offices in Poland, Spain, Sweden, Germany, and the Czech Republic.

“We are seeing our technology revolutionize the die casting and plastic molding industries,” Sames said. “By significantly reducing the cycle time of production, sometimes by 50 percent or more, we are seeing companies reshore production to the U.S. and expand existing U.S. production.”

Local officials, including Gov. Bill Haslam and Economic and Community Development Commissioner Randy Body, and the Tennessee Valley Authority, offered words of praise for the company in a press release issued by the governor’s office Thursday.

“Employment in Tennessee’s advanced manufacturing sector has grown more than 33% since 2010, four times higher than the nation’s growth average for these high-skilled jobs,” said Boyd. “That type of success, fueled by innovative existing companies and the breadth of expertise found in our workforce, helps our state recruit new advanced manufacturing companies. It’s a virtuous cycle that is critical in attracting global companies such as HTS International.”

“I’d like to welcome HTS International to Team Tennessee,” said Boyd.

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