Alstom’s new plant in Chattanooga is a $300 million bet on the rebirth of the nuclear industry in America and positions the city and region for a big payoff, officials said Thursday.
“We’re confident the ramp-up of this facility will create great opportunities for the local economy,” said Patrick Kron, chief executive for the Paris-based Alstom.
With several hundred customers, plant employees and officials watching, including Gov. Phil Bredesen, at the plant’s formal opening, Mr. Kron said plans are to make the project “a triple win.”
Not only will Alstom benefit from its biggest worldwide investment in decades, he said, but so will its clients in the United States as well as the Chattanooga area economy.