German chemical company Wacker Chemie is investing in a new $1 billion plant in Cleveland, Tennessee. Local officials say the deal will bring at least 500 jobs.
Gov. Phil Bredesen says Thursday that the deal with the Munich, Germany-based company will bolster Tennessee’s status in the field of clean energy technology. Wacker is among the world’s largest producers of polysilicon, a material used to make electronics and solar panels.
Bradley County commissioners approved a $50 million incentives package in December for what they described as an international manufacturer that would create at least 500 jobs.