Northeast Tennessee Valley

Regional Industrial Development

Association

Germany/EU Initiative October 2013

2

12 Power Distributors with TVA formed in 1989.

A regional approach to Economic Development.

Members from Tennessee and Virginia.

Who We Are

The First Frontier

1796

Regional Economic Development Since 1933

Carter County, TN

NETVRIDA Region Designated by TVA

7

2010 Population – 791,702

Square Kilometers – 9,051

Square Miles – 5,624

NETVRIDA Auto Sector

10

New Contracts with GM Parent Company (JTEKT) planning

more Southeast U.S. investments

Nakatetsu Expansion Underway

Volkswagen’s Success in Chattanooga, TN is Big News in the U.S. and Europe!

Volkswagen’s

selection of

Chattanooga,

Tennessee for its

U.S. headquarters

and primary North

American production

facility has

dramatically

increased interest in

Tennessee and

knowledge of the

state within the

European Union.

German companies are giving

up on Spain, Portugal and

weaker EU markets…

Energy Costs – Germany is

cancelling nuclear and coal –

long term costs will remain very

high.

Market growth in U.S. is strong

and stable. Low birth rates in

Europe limit potential growth

there.

New Trade Agreement –

EU and US?

Why Germany? What about the Euro Crisis?

Marshall

Ramsey Morristown

TN Chamber

John Kilgore Scott Co. VA

Mitch Miller Washington Co. TN

Richard

Venable

Sullivan Co. TN

Alan Bridwell NETVRIDA

Russ

Froneberger Global

Consulting Eric Menges

In September 2012, NETVRIDA economic developers attended the

Automechanika Trade Show in Frankfurt and met with a number

of EU economic development agencies. Eric Menges of the

FrankfurtRheinMain regional agency was one of our hosts.

Rainer Heumann

EU Representative

In discussions with Rainer, it was emphasized that NETVRIDA would work with any size company wishing to move to the

U.S., including smaller companies needing basic help to get an operation started. The NETVRIDA has targeted Germany’s

“Mittelstand” (small and medium sized companies), many of which are export-oriented. These companies focus on

innovative and high value products and occupy niche market leadership positions in numerous sectors. They are typically

privately owned and often based in smaller rural communities, with much in common with the NETVRIDA region.

FWG-IHW manufactures springs

for a wide range of industries

including, locks/security,

playground equipment, industrial

machinery, and nuclear power

plants.

FWG Special Springs

• Family-owned company founded in 1981.

• Highly successful company in Europe.

• Business in 17 countries including: Italy, France, Spain, Scandinavia, India, China, Russia.

• Hold patented technologies for use in nuclear power plants, a certification few competitors have.

• Major trade shows included - AchemAsia May 2013 in Beijing/China.

• Headquartered in Grevenbroich, Germany.

Dirk Rybak Goessling USA

Claire Hawkings ETSU

Manfred Albrecht FWG Springs

Markus Rosenzweig FWG Springs

Goessling USA 3-27-13

Dirk Rybak, from Dortmond, Germany who is Operations Manager for German-

owned Goessling USA in Johnson City provided considerable assistance to FWG

regarding how to start operations in the U.S. Goessling plans an expansion later in

2013 to manufacture industrial conveyors. http://www.dr-goessling.de/

Roger Hausmann Siemens Johnson City

Native of Kassel, Germany

Assisting with the hosting of FWG was

Roger Hausmann from Kassel,

Germany. Roger and FWG CEO Manfred

Albrecht immediately became friends and ironically

both served in the same West German

military unit.

Both Roger and Manfred are fans of

vintage rock and country music from the 1950s including the legendary Sun

Records from Memphis.

Mr. Albrecht records a tune from the

“Memphis Cats.”

Goessling USA

Plan to build New

Facility in Tri-County

Ind. Park to begin

manufacturing.

Assisting FWG with

start-up.

Started operations with

small sales and support

team.

Very similar to FWG in

size and management.

July 14 – Visit from Goessling

Kemmerich Metal

Engineering

Attendorn

ETSU Innovation Lab

Aerial view of ETSU

Innovation Lab with

Blue Ridge

mountains in the

background.

ETSU Innovation Lab Lease Space Available

2109 W Market St Johnson City, TN 37601

Monthly Office Rent - $450 - $500 (Includes electricity – all but phone and

internet)

Rent is $10 per square foot

First 6 months – Free Rent This includes all utilities

except phone and internet.

Outside View

Lobby

Training Room

Meeting Room with

Video Conferencing

Typical Office Space

Extra Computer

Workstations

Relaxation Lounge

Note: Use of

meeting

rooms,

lounges,

kitchen areas

are included

in rent.