IBI Power, headquartered in Caldwell, Idaho, will locate a facility in Chattanooga making metal generator enclosures and centers that hold electronic switchgear components.
The expansion represents an investment of $5 million and will create at least 60 new jobs, according to the Chattanooga Area Chamber of Commerce.
IBI will locate in a 50,000-square-foot section of the Energy Resources Group facility at 200 Compress St., next door to Southern Champion Tray.
Tom Weissenbuehler, IBI chief operating officer, cited the region’s array of metal industries, a skilled work force and a superior transportation network.
See Tuesday’s Chattanooga Times Free Press for a full story.