One of the world's largest elevator companies announced today it will create more than 650 new jobs and invest more than $200 million in its new headquarters and innovation complex inside The Battery Atlanta near SunTrust Park in Atlanta.
German industrial conglomerate thyssenkrupp will locate its elevator division on a 4.8-acre property adjacent to and north of Interstate 285 and on the south side of Circle 75 Parkway.
German industrial conglomerate thyssenkrupp will locate its elevator division on a 4.8-acre property adjacent to and north of Interstate 285 and on the south side of Circle 75 Parkway in Atlanta.Upon completion in 2022, the Elevator Americas Complex will include three facilities anchored by a 420-foot-tall elevator qualification and test tower, the tallest of its kind in the country and one of the tallest in the world. It will also be the tallest structure in Cobb after county commissioners last week approved the project.
"Cobb County has great neighborhoods and a very good reputation from education, the school systems, but also The Battery itself," said Rich Hussey, CEO of thyssenkrupp Elevator Americas. "Atlanta has a vibrant economy. Secondly, it's home to quite a few startup companies, incubator-type companies, and also has several Fortune 100 companies that we would like to partner with. Thirdly, we expect to bring thousands and thousands of our employees, customers and business partners to our new headquarters as well as our test tower, and we wanted an international city where access would be very accommodating for that."
Gov. Nathan Deal said Georgia's "world-class university and technical college systems will provide thyssenkrupp access to a deep talent pool and our technology infrastructure" to support the division headquarters, which will hire persons in IT, engineering, administration and training.
"Our focus and commitment to move people safely, comfortably and efficiently – today and in the future – is at the heart of our business, and it requires continued access to top talent, enhanced collaboration and greater operational efficiencies," Hussey said.
The project will include a tower to test thyssenkrupp's products including the TWIN and MULTI elevator systems. North America's first TWIN elevator system, which features two cars arranged on top of each other operating independently in a single hoistway, is being installed in the CODA Building at Tech Square with completion expected in 2019.
The new facility is also expected to generate thousands of visitors annually for product showcasing and training.
"So many people from the state to local levels have worked hard to make this announcement happen," said Cobb County Commission Chairman Mike Boyce. "We welcome thyssenkrupp with enthusiasm, and they will soon learn why Cobb County is a place where you expect the best and can safely work, live, play and pursue your dreams."
With sales of $8.5 billion in fiscal year 2016-2017 and customers in 150 countries, thyssenkrupp Elevator built its position as one of the world's leading elevator companies over the past 40 years.