ITT Goulds Pumps is putting $31 million into a new facility on Mineral Wells Road in Memphis, a project expected to bring 57 jobs to the area and mark the company's first manufacturing and distribution site in Tennessee.
The investment, first reported by Action News 5, covers construction of the facility at 5633 Mineral Wells Road. According to the outlet's reporting, the new site will expand distribution, warehousing and inventory management for the pump manufacturer, which already operates a facility in nearby Southaven.
The Mineral Wells Road address sits within Distriplex Business Park II, described by commercial real estate firm Colliers as a Class A industrial building adjacent to the Tennessee-Mississippi state line. Colliers notes the property sits near Memphis International Airport, five Class I intermodal rail yards, and FedEx and UPS hubs, putting it close to a deep labor pool and major shipping infrastructure.
An Existing Memphis Operation Already Moves Pump Parts Fast
ITT Goulds Pumps isn't new to the Memphis area. The company's own site describes an existing 53,000-square-foot Central Distribution Center in the city that stocks more than 6,000 part numbers, according to Goulds Pumps. That same distribution center ships more than 95% of genuine Goulds and A-C Pump stock parts within 24 hours, per the company's materials.
The new facility would add to that footprint, though the dossier's reporting does not specify whether it will operate alongside, expand, or eventually replace work currently handled at the existing Memphis and Southaven locations. Action News 5's report centers on the $31 million construction figure and the 57 jobs tied to the project, without detailing a construction timeline or the facility's total square footage.
Memphis Keeps Landing Manufacturing Investment
The Goulds Pumps announcement follows a string of manufacturing commitments in the Memphis area. Earlier this year, the Greater Memphis Chamber announced that Morgan Steel would invest $11.7 million and create 119 new jobs as part of an expansion of its Memphis headquarters, a project that included purchasing a new facility in Shelby County and upgrading equipment to boost capacity, according to the Greater Memphis Chamber. Morgan Steel, founded in Memphis in 2014, was expected to employ more than 400 people across its Memphis and Greenville, Texas operations once that expansion was complete.
The chamber has pointed to access to five Class I railroads, the nation's second-largest cargo airport, and proximity to 95% of the world's gross domestic product within 72 hours as reasons manufacturers keep choosing Memphis. Those same logistics advantages echo the infrastructure Colliers highlighted around the Mineral Wells Road site now slated for the Goulds Pumps project. Federal data from the U.S. Bureau of Labor Statistics lists manufacturing among the sectors tracked in its regular economic summary for the Memphis metro area.
For now, the Goulds Pumps project remains in its early stages, with no public statement yet from the company, Memphis officials, or the property owner detailing further specifics. What's confirmed is the scope reported by Action News 5: a $31 million build, 57 new jobs, and a first-of-its-kind Tennessee facility for the pump manufacturer.
