3M, a global technology company, will locate a new manufacturing facility in Nashville. The company has purchased DuPont’s Advanced Composite Technology (ACT) facility on Swinging Bridge Road.
“Nashville is a growing and dynamic city, and 3M’s decision to open a manufacturing facility here speaks to our appeal as a location for technology-based companies. “This good news is also a sign of our resiliency during these difficult economic times as we have continued to attract new and expanding businesses,” Nashville Mayor Karl Dean said.
Headquartered in St. Paul, Minn., 3M is one of 30 companies in the Dow Jones Industrial Average and also is a component of the Standard & Poor’s 500 Index. With $27 billion in sales, 3M employs about 80,000 people worldwide and has operations in more than 65 countries.
The Nashville Area Chamber of Commerce’s Partnership 2010 team, along with Tennessee Department of Economic and Community Development, Nashville’s Mayor’s Office and TVA economic development representatives, has been working with 3M during its location and integration process in Nashville.
“I’m pleased that a science and technology-focused company like 3M is choosing to grow its business in Tennessee. “3M is a global company with a long-standing reputation for innovative new products and processes and our state is focused on developing the kind of business climate which allows companies creating high skill jobs to succeed in the marketplace,” said Bill Hagerty, commissioner, Tennessee Department of Economic and Community Development.
The new Nashville facility will leverage 3M’s expertise in coating, film and nonwoven technologies to engineer and produce a comprehensive line of products for the health care and home care markets.
“3M is a great fit for our city. “Nashville cultivates innovative and dynamic companies like 3M. Their strengths will be a great compliment to our already thriving economic community,” said President and CEO of the Nashville Area Chamber of Commerce Ralph Schulz.
John Bradley, TVA’s senior vice president of economic development, sees the new 3M facility as a positive attribute to the Nashville area. “3M will increase Middle Tennessee’s already growing level of economic prosperity. Its presence allows us to continue to work toward our goal of creating broader economic growth in the region.”
The 3M facility, located at 400 Swinging Bridge Road, anticipates hiring 40 people over the course of three years and will offer competitive wage, high-skilled jobs. For employment information, go to www.3m.com/careers.