VONORE (WATE) – A boating manufacturer announced Monday it is expanding its operations in Monroe County, investing $17.7 million and bringing 150 new jobs to the area.
Yamaha Jet Boat Manufacturing USA, Inc. says it is purchasing an additional building next to its current one in Vonore. Yamaha is the largest manufacturer of 19-foot to 24-foot sport boats in the United States.
The new facility will add more than 36,000 square feet of production and office space. The plan is to be operational by late 2015 with production starting in mid to late 2016.
“Having just completed a plant expansion in 2013, we are excited to continue to invest and grow our production operation in Monroe County,” Mike Fishback, general manager of Yamaha Jet Boat Manufacturing USA, said. “We have one of the most innovative boat manufacturing facilities in the world which has enabled Yamaha boats to continue to be the best selling 16-foot to 25-foot family runabout boats in the industry. With the continued strong demand for our products and positive outlook for future growth, this expansion will help us achieve our long-term growth objectives. We are proud to help contribute to the economy by creating and sustaining positive long-term job opportunities.”
“I would like to express my appreciation to Yamaha for choosing their Vonore, Tennessee facility located on Tellico Lake for their new expansion,” Monroe County Mayor and Tellico Reservoir Development Agency Board Member Tim Yates said. “Our regional economy will greatly benefit from the new jobs being created.”