Symmco to locate new operations in Surgoinsville
Symmco Inc. officials announced the company will invest $13.1 million to expand and locate new manufacturing operations in Surgoinsville, creating 86 new jobs in the next five years as the company locates into an existing facility at 386 Phipps Bend Road. Symmco’s expansion to Tennessee will position the manufacturer to be geographically closer to its largest consumer base while also allowing for increased production capacity, sales volume and potential new partnerships with sub suppliers. Founded in 1952, Symmco Inc. specializes in the manufacturing of powdered metal for customer-engineered components and stock products, which serve many industries including lawn and garden, medical, power transmission and others. In addition to its manufacturing operations, Symmco also performs secondary machining and in-house tool design. The company’s 86 new jobs will increase its total number of U.S. employees to nearly 300.