Switzerland-based power and automation company ABB will invest $30 million in building a manufacturing site for its low voltage products division in Memphis, TN.
The investment will create more than 200 jobs initially with a further 100 jobs expected to be added over the next five years. ABB's total workforce in the Americas has tripled over the last five years to about 20,000 as the company has expanded across the region, including its $3.9 billion purchase of electrical components maker Thomas & Betts in 2012.
