Stone Mountain Technologies, Inc. (SMTI) has announced plans to invest $13.9 million in establishing new manufacturing operations in Piney Flats, Tennessee. The company is set to create 111 new jobs in Sullivan County and will launch production of ANESI, its innovative brand of high efficiency gas-fired heat pumps.
SMTI, based in Piney Flats, is a leading manufacturer of cost-effective, next-generation heating technologies that utilize sorption heat pump cycles. With a focus on providing customers with high-comfort, low/zero-carbon heating and cooling solutions, SMTI is at the forefront of the advanced energy sector.
“We are thrilled to embark on the manufacturing and engineering of our ANESI brand in Northeast Tennessee,” said SMTI CEO Michael Garrabrant. “By expanding our operations and creating skilled manufacturing jobs, we aim to further contribute to the state’s growing advanced energy economy.”
Governor Bill Lee expressed his gratitude to SMTI for choosing Tennessee as the location for their manufacturing operations. He emphasized that Tennessee’s favorable business climate and skilled workforce make it an ideal destination for companies like SMTI to flourish.
Since 2019, the Tennessee Department of Economic and Community Development (TNECD) has been actively supporting economic development projects in Northeast Tennessee. With nearly 40 projects undertaken in the region, these initiatives have resulted in approximately 3,600 job commitments and a capital investment of around $1 billion.
TNECD Commissioner Stuart McWhorter commended SMTI for their investment in Sullivan County, stating that it will provide significant momentum to Tennessee’s growing manufacturing industry. He expressed confidence in the company’s continued success.
Sullivan County Mayor Richard Venable also commended SMTI and highlighted the importance of homegrown success stories in bolstering the region’s reputation as a thriving business hub.
FAQs:
Q: What is ANESI?
A: ANESI is a high efficiency gas-fired heat pump brand manufactured by Stone Mountain Technologies, Inc. It offers cost-effective, low/zero-carbon heating and cooling solutions for residential and commercial buildings.
Q: How many jobs will be created by SMTI in Sullivan County?
A: SMTI plans to create 111 new jobs in Sullivan County as part of its manufacturing operations expansion.
Q: How has TNECD supported economic development in Northeast Tennessee?
A: The Tennessee Department of Economic and Community Development (TNECD) has supported nearly 40 economic development projects in Northeast Tennessee, resulting in approximately 3,600 job commitments and a capital investment of around $1 billion.
Q: Why did SMTI choose Tennessee for its manufacturing operations?
A: SMTI chose Tennessee for its manufacturing operations due to the state’s strong business climate and skilled workforce, which provide an ideal environment for companies like SMTI to thrive.