I have enjoyed getting to know SO.F.TER. management and appreciate their decision to locate in Tennessee, Hagerty said. SO.F.TER.s investment underscores the momentum our state is enjoying in such a globally competitive market as companies seek the best location for long-term capital investment. We congratulate SO.F.TER. on this move and welcome them to Tennessee as a valued corporate citizen for many years to come.
We are excited to be part of this project that will bring the SO.F.TER. GROUP to the United States, Managing Director of SO.F.TER. U.S. Mark Rodden said.
SO.F.TER.s product portfolio is one of the most comprehensive in the industry. SO.F.TER.S experience, financial strength and long-term view will enable us to focus on customers with a one-to-one approach, based on flexible and tailored solutions. The foundation of SO.F.TER. U.S. is a step of paramount importance in our internationalization strategy, Global Commercial Director of SO.F.TER. GROUP Riccardo Meucci said. In addition to the size and breadth of its markets, we believe the U.S. has excellent prospects for growth. Moreover, the U.S. operation completes our presence in the Americas and complements our presence in Mexico and Brazil. Now, indeed, we can be considered as a global supplier, providing the same high quality products all around the world.
Wilson County Mayor Randall Hutto said, "As Mayor of Wilson County, I am very excited to have been a part of the location of the SO.F.TER. GROUP to Wilson County. I believe that it is a vote of confidence for Wilson County's workforce. I want to thank both the management team of SO.F.TER and members of the Wilson County Commission for their support which made today's announcement possible. We congratulate the company on this great news and look forward to being a part of their continued growth.
Lebanon Mayor Philip Craighead added, "It is our distinct honor to welcome the SO.F.TER. GROUP to Lebanon, Tenn., as our latest corporate citizen. We are confident that their decision to locate in Lebanon, Tenn. will be a mutually rewarding experience. We look forward to a long and prosperous relationship with SO.F.TER., which was made possible through our partnership with the State of Tennessee and the JECDB of Wilson County.
The SO.F.TER. Group is one of the worlds largest independent compounders with headquarters in Forl, Italy. The companys new business in Lebanon will first be constructed at 100,000 square feet, but will eventually be expanded to more than 250,000 square feet. The site will be dedicated to the production, development and sale of engineering plastics and other advanced solutions for the U.S. market.
Based on its extensive expertise and broad list of approvals developed over the past 30-plus years, SO.F.TER. expects to have a strong presence in the automotive, appliance, construction and electrical markets.
The debut of SO.F.TER. U.S. on the U.S. plastics market will take place in October with a presentation at the SPE Automotive Conference to be held in Detroit from Oct. 6-9, while the official launch will be held at the K2013 in Dsseldorf on Oct. 16-23.
For more information, visit www.softergroup.com. For information about the TDECD, visit tn.gov/ecd.