About 50 new jobs are expected to be created after CSC Sugar began operating Monday at Rialto Industrial Park in North Covington.
The company, which is based in Connecticut and Colorado and has other locations in the United States and Mexico, liquifies granulated sugar.
Nearby Unilever, one of the world's largest producers of ice cream and other frozen desserts, will be one of its biggest clients, but CSC will ship its product to other locations around the country as well.
CSC Sugar is leasing about 150,000 square feet in the building formerly occupied by World Color Press.
"Obviously, the new jobs created are great for our economy," Covington Mayor David Gordon said, "especially for those get those jobs."
This is CSC's first facility in Tennessee.
The company is investing $4 million in the operation. Gordon said the project has been in the works for six to nine months.
Applications for the jobs are currently being accepted at Hamilton Ryker employment agency in Covington.