An advanced material manufacturer plans to create 620 jobs and invest $313 million in East Tennessee, officials said today.
Gov. Bill Haslam said that CVMR will establish its global headquarters in Oak Ridge. CVMR is moving its current operations from Toronto and creating the CVMR Centre of Excellence for Innovation in Powder Metallurgy.
It also will have production facilities for a wide spectrum of advanced metal products.
"Today is exciting not just for Oak Ridge and Roane County but for all of Tennessee," Haslam said in a statement.
Randy Boyd, commissioner for the state Department of Economic and Community Development, said that by leveraging unique resources like Oak Ridge National Laboratory, Tennessee is in an extraordinary position to support long-term growth of advanced manufacturers like CVMR.