An Italy-based electrical manufacturing company is establishing its first American location in Senatobia with a $542,000 investment that will create 35 jobs.
Semar specializes in manufacturing power modules and transformers. The company will take over an existing facility of about 100,000 square feet in Senatobia. It will focus on producing low-power current transformers, electrical devices, and smart solutions.
“Expanding manufacturing operations into a new country is a major business decision, and Semar is choosing Mississippi to take that step,” Mississippi Development Authority Executive Director PJ Waldrop said. “With an existing industrial facility in Senatobia and strong state and local partnerships, the company has the resources to get operations underway and build for long-term success. We look forward to seeing Semar USA grow in Tate County.”
As is the case with many major economic development projects in the state, the Mississippi Development Authority is providing financial assistance through the Mississippi Flexible Tax Incentive program. Tate County is also assisting.
“The demand for reliable power is growing, and Mississippi is building a strong manufacturing presence in the industries that support it,” Gov. Tate Reeves said. “Semar’s decision to establish its first U.S. manufacturing operation in Senatobia adds another international company to that growing industry presence. This investment creates new jobs for Mississippians and strengthens our state’s role in meeting America’s energy needs.”
Semar expects operations to begin by the end of the month and plants to fill in all 35 jobs by the end of the year.
