A Growing Economy

Posted by lindsay on March 24, 2014

A little over 18 months ago, the highly successful Swedish firm Electrolux opened its doors to 50 new employees in Memphis, Tennessee. Both a research and development centre, the conception of this new 750,000 square foot, $200M plant in America is expected to generate approximately 1200 new jobs when operating at full capacity. 

With a facility already located in Springfield, this second development helps to further serve the economic growth of the state. “We look forward to opening the plant and developing new product innovations to meet consumer needs," said vice president of Global Food Preservation and Purchasing, Jack Borroughs. "As a company, we are increasing our research and development efforts and this centre and plant are an important element that we're eager to launch. Construction is going very well, and we are thrilled to be on track with our timing and our first phase of hiring." Another 200 employees are expected to join this global leader by May 2013, with the remainder being hired over the next 5 years. 

Electrolux is the largest manufacturer of cooking products in the U.S. and Canada, with sales (as of 2011) reaching in excess of SEK 102 billion.