OAK RIDGE—Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with CVMR officials today announced the company will establish its global headquarters in Roane County. CVMR is moving all of its current operations from Toronto, Canada to a Tennessee manufacturing facility located at 103 Palladium Way in Oak Ridge. CVMR is investing $313 million to establish this facility, create the CVMR Centre of Excellence for Innovation in Powder Metallurgy and production facilities for a wide spectrum of advanced metal products, resulting in 620 new jobs for Roane County.
“Today is exciting not just for Oak Ridge and Roane County but for all of Tennessee, and I want to thank CVMR for its significant investment in our state, making us the home of its corporate headquarters, research and development and manufacturing,” Haslam said. “This announcement sends a clear signal around the world about our skilled workforce, Tennessee’s commitment to innovation and its ability to compete in the global marketplace.”
“By leveraging unique resources like Oak Ridge National Laboratory, Tennessee is in an extraordinary position to support long-term growth of advanced manufacturers like CVMR,” Boyd said. “The Centre of Excellence for Innovation in Powder Metallurgy sets the stage for future innovation and makes a real statement about the strength of Tennessee’s workforce. Through workforce initiatives, like Drive to 55, we are developing and maintaining a pipeline of students who will be ready to work at some of the most sophisticated manufacturing facilities in the world. I appreciate CVMR’s commitment to Tennessee and the 620 new jobs they are creating in our communities.”