FNS Group to expand Clarksville, Tennessee, operations, create 62 jobs
The project represents an investment of $33.4 million and the creation of 62 jobs.
FNS Group will build a 300,000-square-foot warehouse and distribution center on a greenfield site behind LG’s manufacturing facility in Clarksville. The proposed Clarksville warehouse will serve as the Southeast and Midwest portal, connecting businesses in this region to the company’s global logistics network.
Pantos USA, a subsidiary of FNS Group, currently has 18 employees in Clarksville and will be expanding its footprint in the area while creating an additional 62 jobs.
As a full-service transportation and third-party logistics provider, FNS Group and its affiliated companies operate more than 20 warehouses across North America and employ over 700 people. Pantos USA serves as LG’s primary logistics partner for its global shipments.
Tennessee is home to more than 1,000 foreign owned establishments that employ approximately 120,000 Tennesseans. Korea is among the top 10 countries for foreign direct investment in Tennessee, with Korean companies investing over $490 million in Tennessee over the past five years.
Since 2015, TNECD has supported five economic development projects in Montgomery County, resulting in more than 1,800 job commitments and $997 million in capital investment. ■