Protomet Corporation Announces $30,000,000 Expansion in Loudon, Tennessee

June 2017 Industry, News

Protomet Corporation announced today that its $30 million expansion project will take place in Loudon County (Tennessee) at the former Maremont production facility. Protomet is the parent company of the PTM Edge Watersports brand that makes and markets boating mirrors and wakeboard tower components for boats of all kinds. Protomet and the PTM Edge product line have won numerous international industry awards as well as multiple IBEX Innovation Awards for its ski/wake towers and mirrors.

Since 1997 Protomet Corporation has been a world-class provider of engineering and manufacturing solutions and services. In addition to comprehensive design services, Protomet provides high-precision production manufacturing and finishing for clients in a variety of markets including marine/boating, automotive, homeland security, industrial, energy and power. Protomet works with its customers to enhance their existing products while reducing overall costs.

Just four years ago, Protomet more than doubled the size of its Oak Ridge operations when the company opened a $10 million plant expansion that included 22,000 square-feet of new space and high-tech automated manufacturing equipment from around the world.

In early 2017, Protomet announced it needed additional manufacturing space to add new production capabilities and increase the company’s output. Protomet, which was founded in Oak Ridge 20 years ago, has experienced growth in excess of 20 percent annually in recent years. Protomet currently employs 110 people in Anderson County.

“Over the past year, we evaluated properties both inside and outside of Tennessee. The former Maremont facility in Loudon County was the right business decision for Protomet. Even though our plan had been to have a single campus in Anderson County, this was a fantastic option for our company, and it allows Protomet to remain entirely in East Tennessee.

Bohanan said the former Maremont production facility in Loudon County offered exactly what Protomet needed, provides more space than could have been built on the company’s current land, is a timely solution, and allows the company to continue its rapid rate of growth. It is also centrally and conveniently located for many of Protomet’s customers as the company continues to diversify.

“We’re excited that we can now call Anderson County and Loudon County home.”

protomet.com

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