MARYVILLE, TN (WATE) – Advanced Munitions International announced on Tuesday the company will build a global headquarters and manufacturing facility in Alcoa’s Partnership Park.
Gov. Bill Haslam was joined by Economic and Community Development Commissioner Randy Boyd and other local officials for the announcement made during a press conference at 8 a.m.
AMI will invest $553 million in a new campus for distribution and R&D operation. This will create 605 new jobs in the area.
The Alcoa plant will hire chemists and engineers with backgrounds in metallurgy, engineering, physics and energetics technology.
The ammunition manufacturing company is known in the firearms industry for its HPR Ammunition brand. The company supplies ammunition to the military, law enforcement and civilian markets.
The 235-acre site is expected to break ground this spring and open in 2018.
Company executives say they chose Tennessee due to proximity and resources of the Oak Ridge National Laboratory.