American Standard scraps plans for new facility
American Standard Brands is withdrawing its plans to build a new manufacturing and distribution facility in La Vergne, Tennessee.
According to the company, the new plant makes little economical sense in light of new business consolidation plans.
American Standard said that it's currently focusing on improving the capabilities and cost position of its existing operations in the U.S.
"While we have decided to withdraw our plans for this particular project at this time, American Standard has been very impressed with the quality workforce and favorable business environment in Davidson County," said Steven Delarge, CEO and president of LIXIL Water Technology Americas. "Tennessee has a welcoming environment for business and industry.We have an existing facility in Nashville and will continue to operate out of that facility and will certainly consider the area for future expansion plans."
American Standard announced its intention to build the new facility in July. In that time, the company took significant steps toward that goal, working with external consultants, state and local resources.
"Throughout this process, the State of Tennessee, the Governor, local government and officials in Nashville have shown us tremendous hospitality, support and cooperation around our planned expansion and we value their continued support. Our decision is not, in any way, related to any lack of cooperation from the State, the Governor, or local government. Indeed, we wish to sincerely thank Governor Haslam, Mayor Barry, Commissioner Boyd and the many members of state and local government who have supported our efforts," said Delarge. "This is all about the economics of the project at this time. I cannot stress enough how important it was to us to have partnered with Davidson County, and we look forward to potential Tennessee partnerships in the future."