Xxentria Technology Materials Co Ltd., a manufacturer of metal composite material, today announced plans to establish its first Tennessee operations in Maury County. The company’s $45 million investment will create 85 new jobs.
Parker Poe’s Business Expansion and Locations Solutions Team was delighted to assist Xxentria with its new operations. Parker Poe Consulting’s Azad Khan worked on negotiation of incentives. Parker Poe attorneys Michael Chen, Dominic Lerario, Craig Lynch, Emily Breece, Russell Killen, and Dylan Ray advised on various project elements, including initial site selection, drafting corporate and tax documents, handling the real estate transaction for land acquisition, and negotiating the construction contract. Michael will also advise the company on immigration and employment work for the company’s initial team.
For more information about this announcement, click here: Governor Lee, Commissioner McWhorter Announce Xxentria Technology Materials Co. Ltd. To Locate First U.S. Manufacturing Operations in Tennessee
Xxentria Technology Materials Co Ltd. is headquartered in Taiwan. The company specializes in manufacturing metal composite material. Its Tennessee location will serve the automotive industry with the composite panels used to make truck and trailer bodies.
Parker Poe Consulting is a corporate site selection and economic incentives consulting firm. The Parker Poe Consulting team provides site selection services to find data-driven solutions for clients who are expanding their footprints and considering new capital investments and job creation. Parker Poe Consulting also provides economic incentives consulting services to growing companies, helping clients navigate and negotiate incentives for economic development projects. From global conglomerates to family-owned businesses, Parker Poe Consulting positions companies to make informed project decisions that will maximize operational effectiveness while reducing costs.