The auto component manufacturer will invest $6.5 million for their expansion into a 100,000 square foot assembly, manufacturing and warehouse facility.
The company has been producing auto components such as mechanical control cables, solenoids, antennas and horns for General Motors, Chrysler, Hyundai and KIA at its leased 52,000 square foot warehouse and distribution center in Campbellsville since 2008. It currently has 60 employees. The new facility will allow for increased manufacturing of brake and transmission control cables.
The Kentucky Economic Development Finance Authority preliminarily approved INFAC for tax incentives of up to $400,000 and tax benefits of up to $300,000. According to Governor Beshear's communication's office, Kentucky is home to more than 420 foreign owned companies from 30 nations employing nearly 78,000 people. There are more than 440 motor vehicle related manufacturing establishments accounting for almost 72,000 jobs.