- Canadian silicon metal producer will locate state-of-the-art plant in Tiptonville
- Project represents a $150 million investment and the creation of 140 new jobs
TIPTONVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Sinova Global officials announced today the company will invest $150 million to establish its first manufacturing operations in Tiptonville, Tennessee.
Based in Canada, Sinova Global will create 140 new jobs as the company locates a new state-of-the-art silicon metal refining plant in Lake County, Tennessee’s most distressed county.
Located in the Lake County Industrial Park, a Select Tennessee Certified Site, the facility will be adjacent to Port of Cates Landing, which will help facilitate direct access to Sinova’s wholly owned quartz deposit in Golden, British Columbia. The silicon metal produced at the Tennessee plant will be supplied to major industrial consumers and used to manufacture silicon anode batteries, solar cells, semiconductors and aluminum.
Sinova Global owns a fully permitted quartz deposit in British Columbia that has more than 25 years of high purity quartz available. With multiple uses, the company’s quartz is an ideal material for manufacturing the elements that make up silicon anode batteries, solar panels and semiconductor components, once transformed into silicon metal. Sinova’s quartz is the foundation for the creation of silicon metal, which is an essential building block of the clean energy transformation.
In the last five years, TNECD has supported more than 40 economic development projects in Northwest Tennessee resulting in roughly 6,400 job commitments and $1.4 billion in capital investment.
“All of Tennessee succeeds when rural Tennessee succeeds, and this project will be transformational for Lake County. I thank Sinova Global for choosing to invest in Tennessee and establish its first manufacturing operations here. These 150 new jobs will benefit the Tiptonville community for years to come.” – Gov. Bill Lee
“Canadian companies have committed to invest more than $750 million in Tennessee over the last five years. We appreciate Sinova Global for choosing Lake County for this project, as it will make an enormous impact on our state’s most distressed county and those that live in the region. The company’s $150 million investment in Tiptonville will not only expand Sinova’s global footprint, but also enhance the business climate and economic status in Lake County.” – TNECD Commissioner Bob Rolfe
“Sinova is excited to join the Tennessee business community in Lake County. The huge support we have received from all levels of government was an important factor in our decision to select Tiptonville as the site for our new, state-of-the-art silicon metal plant. Tennessee’s attractive business environment, integrated supply chain, skilled workforce, and supportive regulation means we can rapidly develop our operations to supply the growing energy storage, solar power, aluminum and EV markets. We look forward to growing alongside the community as we create an essential element necessary for the clean energy transition.” – Jayson Tymko, CEO, Sinova Global
“This will be a major economic boost for Tiptonville, Lake County, and the entire region. Our community will have good jobs closer to home which is what we have hoped for years.” – Tiptonville Mayor Cliff Berry, Jr.
“It has been a blessing working with the governor’s economic development team. I want to get Lake County off the distressed county list and watch many, many more companies line up to come to Lake County. This project will be transformative for Lake County and for the Port of Cates Landing!” – Lake County Mayor Denny Johnson
“TVA and Gibson Electric Membership Corporation congratulate Sinova Global on its decision to locate and create job opportunities in Lake County. Helping to attract new jobs and investment in the Valley is fundamental to TVA’s mission of service. We are proud to partner with Reelfoot Area Chamber, City of Tiptonville, Lake County and Tennessee Department of Economic and Community Development to help further that mission and celebrate this impactful announcement together.” – John Bradley, TVA senior vice president of Economic Development
“We are very excited that Sinova Global has chosen to call Northwest Tennessee home. Cates Landing provides the perfect home for manufacturers and businesses of every stripe. Our business-friendly status and focus on education and training programs helps build the reliable pool of skilled workers that companies need to be successful. I appreciate Governor Bill Lee, Mayor Denny Johnson, Commissioner Bob Rolfe and his team, our local business leaders and others who have worked hard to bring these high-quality jobs home. We look forward to a successful partnership with Sinova Global as together we build a more prosperous future for this region.” – Sen. Ed Jackson (R-Jackson)
“These 140 jobs will give a tremendous boost to our local economy. This commitment by Sinova Global proves that investing in the Ports of Cates Landing and related infrastructure brings jobs and prosperity to our region. I’m very proud of the hard work of our local and state economic development leaders, and I look forward to partnering with them to bring more jobs to Lake County in the future.” – Rep. Rusty Grills (R-Newburn)
About the Tennessee Department of Economic and Community Development The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
Disclaimer – Forward-Looking Statements
Some of the statements in this press release may be forward-looking in nature (including estimates, forecasts and projections including, without restriction, regarding future performance, industry developments, and product markets), or statements and/or expressions of future expectations, in each case based on currently available information (collectively, “forward-looking statements”). Such forward-looking statements (i) are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, (ii) reflect various assumptions concerning future industry performance, general business, economic and regulatory conditions, market conditions for Sinova’s products and other matters, which assumptions may or may not prove to be correct, (iii) are inherently subject to significant contingencies and uncertainties, many of which are outside the control of Sinova, and (iv) shall not be regarded as a representation by Sinova that the event, goal, action or occurrences referenced or otherwise contemplated therein will be achieved or occur. Actual results may differ from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties, and those variations may be material. Such risks and uncertainties include but are not limited to changes of general economic conditions, changes in the performance of financial markets and future market conditions, unusual catastrophic loss events, performance or non-performance of third parties contractual obligations or otherwise, changes in the capital markets, acts of God, acts of terrorism, acts of war and pandemics, changes in laws and regulations particularly those affecting Sinova’s operations, and other circumstances that may cause the actual events or results to be materially different from those anticipated by such statements. Sinova does not make any express or implied representation or warranty as to the accuracy, completeness, or updated status of such statements. Forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Sinova expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Sinova’s expectations with regard thereto, or any change in events, conditions or circumstances on which any such statement is based. Readers must conduct their own independent investigation of those matters that a reader deems appropriate or necessary without reliance upon Sinova or any forward-looking statement. Therefore, in no case whatsoever will Sinova and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.