Global urban mobility leader to invest more than $200 million in Cumberland with a 420-foot-tall elevator test tower and Innovation Complex
ATLANTA (July 27, 2018) Gov. Nathan Deal has announced that thyssenkrupp Elevator Americas Business Unit, one of the leading building transportation companies in North America and a subsidiary of thyssenkrupp AG, will create more than 650 new jobs and invest more than $200 million in its new headquarters and innovation complex in Cobb County. Upon completion, the new complex will include three facilities anchored by a state-of-the-art, 420-foot-tall elevator qualification and test tower, the tallest of its kind in the nation.
“Georgia’s economic environment provides a strong foundation for companies operating in today’s high-demand industries, from technology to transportation,” said Deal. “As a global leader in building transportation, thyssenkrupp will enjoy the resources of the No. 1 state in which to do business by locating its new headquarters in Cobb County. Our world-class university and technical college systems will provide thyssenkrupp with access to a deep talent pool and our technology infrastructure will provide a suitable home for future growth. This latest announcement again proves that Georgia is on the minds of job creators worldwide and we look forward to building upon this new partnership with thyssenkrupp in the years to come.”
New jobs will include positions in IT, engineering, administration and training. The project is located near The Battery Atlanta in Cumberland in collaboration with the Braves Development Company. Completion of the complex is expected by early 2022.
“Our focus and commitment to move people safely, comfortably and efficiently – today and in the future – is at the heart of our business, and it requires continued access to top talent, enhanced collaboration and greater operational efficiencies,” said Rich Hussey, president and CEO of thyssenkrupp Elevator Americas Business Unit. “Atlanta is synonymous with mobility and innovation, and this move gives us one complex in a national hotbed of innovation that will allow us to serve our customers better than anyone in the industry while providing a high quality of life for our employees.”
“This announcement is Georgia’s largest in 2018, with not only hundreds of new jobs for Georgian’s, but high paying jobs, paying more than 100 percent higher than the average county wage,” said Brooks Mathis, Executive Director of SelectCobb and Executive Vice President of Economic Development for the Cobb Chamber of Commerce. “This project reflects what happens when a community works together. It starts with our SelectCobb investors, providing the resources to work projects over months, even years until an announcement comes to fruition. Furthermore, it cannot happen without leadership, especially from our Chairman Mike Boyce. With a $200 million new investment, this reinforces how the Braves & The Battery Atlanta are helping us recruit relevant companies and investment to Cobb and Metro Atlanta.”
The project will include a tower to test thyssenkrupp’s products including the TWIN and MULTI elevator systems. North America’s first TWIN elevator system, which features two cars arranged on top of each other operating independently in a single hoistway, is being installed in the CODA Building at Tech Square with completion expected in 2019.
The new facility is also expected to generate thousands of visitors annually for product showcasing and training.
“This complex will re-shape the Atlanta skyline and be a point-of-pride for Cobb County and our region,” said Mike Plant, president and CEO of the Braves Development Company, which is developing the office tower. “We are thrilled to have a top company like thyssenkrupp join other businesses in and around SunTrust Park and The Battery Atlanta as the area continues to enjoy unprecedented growth.”
“So many people from the state to local levels have worked hard to make this announcement happen,” said Cobb County Commission Chairman Mike Boyce. “We welcome thyssenkrupp with enthusiasm, and they will soon learn why Cobb County is a place where you expect the best and can safely work, live, play and pursue your dreams.”
thyssenkrupp Elevator Americas has more than 20,000 employees across the U.S., Canada, Central America and South America, with 15,000 of those employees based in North America. thyssenkrupp Elevator Americas has more than 230 branch and service locations, along with a LEED Gold certified manufacturing facility in Middleton, Tennessee.
You can also visit ElevatortoATL.com and SelectCobb.com for more information.
About thyssenkrupp Elevator
thyssenkrupp Elevator brings together the Group’s global activities in passenger transportation systems. With sales of $8.5 billion in fiscal year 2016/2017 and customers in 150 countries, thyssenkrupp Elevator built its position as one of the world’s leading elevator companies from scratch in a mere 40 years’ time by applying thyssenkrupp unique engineering capabilities. With more than 50,000 highly skilled employees, the company offers smart and innovative products and services designed to meet customers’ individual requirements. The portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. Over 1,000 locations around the world provide an extensive sales and service network to guarantee closeness to customers. In North America, thyssenkrupp oversees nearly 400 facilities in the United States, Canada and Mexico, employing more than 22,500 people. In fiscal year 2016/2017, thyssenkrupp generated sales of almost $9.6 billion in the region.
SelectCobb is a comprehensive economic development strategy, led by the Cobb Chamber, utilizing local partnerships to improve Cobb County’s communities, market Cobb around the world and recruit, retain and grow jobs.
The objective for SelectCobb is to help local businesses expand, grow small business, protect Dobbins Air Reserve Base, recruit new businesses, create a more educated workforce and revitalize our communities and infrastructure.