Protomet President Jeff Bohanan announces expansion to the media.
Since making the Protomet expansion announcement last week, the Oak Ridge-based manufacturing, technology and engineering company has received considerable local, state and national attention.
Protomet announced it is more than doubling the size of its facilities, investing $6 million dollars in the local economy, buying new equipment and adding at least 30 new jobs at its Oak Ridge headquarters. Protomet plans to move into the expanded facility before year-end.
The Knoxville News Sentinel reported “Boating rebound helping spur Protomet growth, president says” and said:
A rebounding East Tennessee boat-making industry is one of several factors that led to his decision to more than double the size of his Oak Ridge facility, Protomet Corp. President Jeff Bohanan said.
The acquisition of a Blount County firm that did the finishing touches on his precision-made metal products used by the automotive and marine industries is another reason for the expansion.
Bohanan on Tuesday formally announced his expansion plans and led the media on a tour of his current 15,360-square-foot plant in Bethel Valley Industrial Park.
WBIR (NBC) television news reported:
Up to three dozen new jobs are coming to Oak Ridge.
Protomet Corporation announced Tuesday that it is expanding and will add about 30 to 35 new jobs.
The manufacturing company makes high precision parts for the automobile, boating and homeland security industries.
WATE (ABC) television reported:
People in Oak Ridge got some good economic news Tuesday, as a local business is expanding and adding 30 new jobs.
Protomet Corporation, a manufacturing company, will fill those positions over the next three years.
Currently, 45 employees work for Protomet, making the dozens of metal components they provide for automotive, military, security, and marine companies.
They also provide engineering, consulting and design.
Protomet also makes its own line of mirrors for boats, called PTMEdge Watersports.
The company’s products have become so sought after recently, they’re now bursting at the seams of their current building in Oak Ridge.
They’re expanding to keep up with the demand, and that means new jobs right here at home.
Nationally, Boating Industry News reported:
A successful manufacturing, technology and engineering company based in Oak Ridge, Tenn. – Protomet Corporation (parent company to PTM Edge) – is expanding, and it’s a good sign for many East Tennessee companies and workers.
Protomet provides high precision production manufacturing for clients in a variety of markets including automotive, homeland security, medical and marine. Protomet partners with company resident engineers to (re)design parts for the manufacturing process that target the reduction of component cost by 10 to 75 percent. Because of the markets it serves, some particularly hard hit by economic conditions over the past five years, Protomet’s growth is an indication that some of those markets are making a turnaround.
Since 2005, Protomet has experienced a 500 percent increase in sales and now has its own proprietary line of products marketed under the PTMEdge Watersports brand that makes and markets boating mirrors and wakeboard tower components for boats of all kinds.
The 21,500 square foot addition to Protomet will begin by June of this year and is expected to be finished by Dec. 31. Hiring for the new positions will begin immediately. For more information, visit http://www.protomet.com.