TENNESSEE

International Paper Investing $66 Million in Memphis

International Paper Company will add 950 employees within three years in Memphis. The company is expanding, building Tower III at International Place in Memphis. The $66 million expansion will include investing $46 million to build the 10-story, 213,000-square-foot Tower III, plus $20 million to expand its facilities at Willow Lake Business Park.

Clarksville Company Expands Metal Forging Operations

SPX CONTECH/Metal Forge Company will expand their metal forging operations in Clarksville. The $17 million expansion will add diecasting improvements and include 50 new employees. SPX-Metal Forge merged earlier this year with SPX-CONTECH and currently employs 90 at its plant in the Clarksville-Montgomery County Corporate Business Park. The company located in the park in 1979 and have undertaken three previous expansions totaling $12 million.