Wednesday, February 21, 2018

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Parker Poe Commended for Getting MTU Deal Done

Carolina Headlines - Government

COLUMBIA, SC – Government and business officials recently announced the establishment by MTU Detroit Diesel, Inc. of a new manufacturing facility in Aiken County, South Carolina. Company and county leaders speaking at the public announcement thanked attorneys from Parker Poe for their role in bringing another international company to the Palmetto State. MTU is a subsidiary of the Tognum Group, a Germany-based provider of power and propulsion systems. Its new location in Aiken County is the former SKF USA facility in Graniteville, and it will replace an existing MTU assembly plant in Detroit, Michigan. The company plans to hire 250 workers and invest US$45 million toward expanding and transforming its new building into a facility for manufacturing engine components and assembling heavy-duty diesel engines.

“The plant in Aiken has an important role to play in our global production network,” said Joerg Klisch, director of operations for MTU. “It is absolutely essential that we have facilities in locations that are close to our customers, reduce our costs and make MTU less vulnerable to high import duties and exchange-rate fluctuations. Parker Poe helped make that possible for us in South Carolina.”

MTU selected Parker Poe as its South Carolina legal counsel, while it considered about a half-dozen other American cities for the new facility. Parker Poe counseled the company on economic development incentives and legal matters involving labor, tax, environmental, corporate and real estate issues.

MTU plans to begin hiring in May and open operations in October.

About MTU
MTU Detroit Diesel Inc. is the North American regional headquarters of MTU Friedrichshafen GmbH, one of the world’s leading providers of diesel engines and drive and propulsion systems for ships, heavy-duty land and rail vehicles, and distributed energy. It offers a complete line of power solutions from 30 to 12,200 bhp (20 to 9,100 kW) for applications in the marine, rail, power generation, oil and gas, agriculture, mining, construction and industrial, and defense markets. MTU Detroit Diesel Inc. is the sales and after-sales organization of the Tognum Group in North America.
www.mtu-online.com/

About Parker Poe
Parker Poe Adams & Bernstein LLP has 225 lawyers practicing in six offices across North Carolina and South Carolina. Southern Business & Development magazine lists Parker Poe as one of the top law firms in South Carolina for economic development matters and its attorneys among the 2009 "South's Best Trade Allies." The Firm also represents domestic and international clients in litigation and arbitration, as well as commercial, transactional and regulatory matters.
www.parkerpoe.com

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