Stone Mountain Technologies, Inc. (SMTI) has announced plans to open a new manufacturing facility in Piney Flats, Tennessee. The company, which produces heating technologies, will invest $13.9 million into the project, generating 111 new jobs for the surrounding area. The new plant will manufacture ANESI high efficiency gas-fired heat pumps. Over the past four years, the company has supported roughly 40 economic development projects in the Northeast Tennessee region, investing $1 billion into the area.
In a recent quote, Michael Garrabrant, CEO, Stone Mountain Technologies, Inc., said, “We are excited to launch the manufacturing and engineering of our ANESI brand of very high efficiency heat pumps and water heaters for residential and commercial buildings in Northeast Tennessee, adding to the states growing advanced energy economy. We look forward to adding skilled manufacturing jobs and opportunities to the region.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.
