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Appliance Manufacturer Electrolux Headed for Memphis

Press Release from the State of Tennessee, Dec 15, 2010:

Other Construction, Supply Chain Could Add $550 Million in Additional Capital, More Jobs

MEMPHIS, Tenn. — Tennessee Governor Phil Bredesen today joined with Economic and Community Development Commissioner Matt Kisber, Memphis Mayor AC Wharton, Shelby County Mayor Mark Luttrell and executives of Electrolux to announce the company’s decision to locate a $190 million facility for the manufacture of major cooking appliances in Memphis, Tennessee.

The 700,000 square foot facility is expected to employ more than 1,200 workers when it is fully operational. Commissioner Kisber added that taking other construction, procurement and additional supply chain activity into account, the project could result in an additional 2,260 jobs and $550 million in additional capital investment to the region.

“I’m very appreciative of Electrolux’ investment in Tennessee and the company’s confidence in the quality and productivity of Tennessee workers,” said Governor Bredesen. “Our efforts to support the company’s existing Tennessee operations have led to a close working relationship and I couldn’t be more pleased that partnership has led to additional investment by one of the world’s best known and most respected brands.”

“The close working partnership between the state of Tennessee, Memphis and Shelby County has led to the successful completion of this project,” said Commissioner Kisber. “Memphis is truly a global city and we’re pleased that a global company of the quality of Electrolux has chosen to invest here and to create job opportunities for thousands of Tennesseans.”

“We are very pleased to have found a great location for our new manufacturing center,” said Kevin Scott, president, Electrolux Major Appliances – North America. “Important decisions like this are never easy, but this one became very clear-cut for Electrolux because of the extensive support we received from state, city and county elected officials and governing bodies.”

“The people of Memphis and Shelby County are ready to go to work to make this facility the most productive and highest quality plant in the Electrolux portfolio,” said Mayor Wharton. “We’re committed to working together to create good quality jobs for the people of our community and this announcement is a great show of progress in that effort.”

“I’m gratified the senior leadership of Electrolux believes Shelby County is the right place to build upon the company’s remarkable success,” said Mayor Luttrell. “This announcement is the result of the strong partnership between the Governor, the state, the Chamber, Memphis and Shelby County and I believe it speaks volumes about the business climate of our community.”

The facility will be located in the Frank C. Pidgeon Industrial Park and Electrolux officials say it will be a world class facility built to LEED certification standards. Workers will manufacture the company’s Electrolux ICON®, Electrolux® and Frigidaire® product lines, including drop-in/slide-in ranges, wall ovens, specialty free standing ranges and cook tops. Construction is expected to begin in early 2011 with production to begin in mid-2012.

Electrolux also operates a manufacturing facility for free standing gas and electric ranges in Springfield, Tennessee. The Springfield facility currently employs about 2,900 people.

About the Tennessee Department of Economic and Community Development

The Tennessee Department of Economic and Community Development’s mission is to create higher skilled, better paying jobs for all Tennesseans. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. To find out more, go to www.tn.gov/ecd or www.investtennessee.org.

About Electrolux

Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washers, dryers, ranges, air conditioners and vacuum cleaners sold under esteemed brands such as Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2009, Electrolux had sales of US $14.3 billion and 51,000 employees, including about 8,000 in the U.S. The company’s North American headquarters is located in Charlotte, NC. For more information, visit www.electrolux.com/press, and http://newsroom.electrolux.com/us/.

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