According to a story by Clarksville Now, LG Chem recently announced a $3.2 billion cathode manufacturing plant in Clarksville, bringing in 860 new jobs.
And, 200 of these jobs are reportedly paying more than $100,000 per year.
LG Chem, a South Korea-based company, is building on the 420-acre Allensworth Farm property in Montgomery County, just east of Exit 4 of Interstate 24.
The plant, which will create a key component for electric vehicle batteries, will be the largest of its kind in the United States, with a production target of 120,000 tons of cathode material annually by 2027.
The plant will create 860 jobs, with starting pay at $24 an hour. About 200 of those jobs will pay over $100,000 per year, according to the EDC.
"As we start bringing in companies that are at $23 or $24 an hour starting out, other companies are going to have to evaluate their pay scale in order to retain those types of people, and that’s not always a bad thing," a spokesperson said.
"We work for the people. We want to add quality of life to the citizens of Clarksville-Montgomery County."
Several construction and craft positions will no doubt be created in Tennessee through the various construction phases of the projects such as laborers, welders, equipment operators, electrcians and beyond.
