An aluminum manufacturer says it will invest $350 million to expand its facilities in Hancock County.
According to the Governor’s Office, the announcement Wednesday by Aleris Corporation is the largestsingle project investment in Kentucky in over a year. The expansion in Lewisport will include the additionof new technology that will help create parts for the automotive industry as it shifts to broader aluminum use to make lighter vehicles.
The 1.6 million-square-foot facility in Hancock County employs approximately 800 people.
Construction is set to begin this fall, and Aleris hopes to begin shipping automotive body sheet to customers by early 2017.
An automotive parts manufacturer is expanding its operations in Henderson County.
Budge Industries creates protective covers for vehicles, and announced Friday that it will expand its 75,000 square-foot facilities and create up to 37 new jobs. The $650,000 investment by the company will allow it to add new production lines at its Henderson County operation, as well as new ultrasonic welding equipment.
The expansion was approved for $200,000 worth of tax incentives through the Kentucky Business Investment program.
A newly formed automotive organization in Kentucky wants to help the industry speak with a unified voice.
Dave Tatman is now head of the Kentucky Automotive Industry Association, following 34 years with General Motors. The former plant manager of the Bowling Green G.M. plant believes too many people are unaware of the importance the industry has on the state’s economy.
"So we've got to create that kind of brand identity for Kentucky as the place to do business for automotive businesses, not only for the ones that are here, but the ones that are considering coming here,” Tatman said. “I think North America is searching for the next automotive cluster outside of Detroit and I think we could be that."
Given the already sizeable presence in the state held by G.M., Ford, and Toyota, Tatman doubts the commonwealth will land another major automaker.
"But, I think our best opportunities exist in really, two fold, in growth of existing businesses because the automotive market continues to expand and do well throughout the globe, so growth of our existing businesses and then attracting new supplier businesses to the Commonwealth."
Kentucky ranks third nationally in light vehicle production, with the state’s automotive exports reaching a record $5.5 billion last year.
A Hart County manufacturer is announcing plans to expand its facility and add jobs. Dart Container announced today that it will invest $23 dollars to build a new 650,000 square foot warehouse in Horse Cave.
Up to 30 new jobs are expected to be created through the expansion.
Dart Container currently employs approximately 1,400 people at its Hart County operation, where it manufactures cups, bowls, plates, and other food and beverage supplies.
The Michigan-based Dart Container Corporation has been preliminarily approved for $900,000 in state tax incentives and benefits in connection with the project.
A new $150 million aluminum production facility in Bowling Green will create 80 new jobs.
Governor Beshear was on hand Wednesday morning at the Kentucky Transpark as ground was broken on the Japanese-European partnership. The joint venture between Contellium N.V. and UACJ Corporation will create finished aluminum body sheets for cars and trucks.
Construction on the 225,000-square-foot facility will begin this summer.
A German company plans to invest $120 million dollars to bring a production plant to Bowling Green.
The Bilstein Group says the plant will bring 90 new, full-time jobs to the area. Governor Steve Beshear was on hand for the announcement Wednesday at Bowling Green Chamber of Commerce headquarters. Beshear, who just returned from a trip to Europe said he met with Bilstein executives on a previous trip.
The company makes cold-rolled strip steel products for the auto industry. It will be the Bilstein Group’s second facility in North America.
“At the end of a long and thorough decision making process," said Bilstein CEO Marc Oehler. "I can say we are absolutely certain that Bowling Green is the perfect spot for our new [facility] being both sufficiently close to our customers and suppliers as well as within reach from Europe and any place in North America.”
Bowling Green Mayor Bruce Wilkerson says that while it feels like "slogging through mud", the area economy is slowly starting to turn around.
However, Wilkerson told WKU Public Radio the city is still subject to manufacturing job losses that can have a big impact on its labor force.
"In a community our size, when something like Eagle Industries shuts down and puts 275 people out of work, we feel that hit. Fruit of the Loom has decided to reduce its workforce by close to 100 this year, and those are 100 good-paying jobs that are very meaningful to our economy. So when they're gone, we notice it," Wilkerson said.
Recent data compiled by the Kentucky Education and Workforce Development Cabinet show the Bowling Green Metropolitan Statistical Area with a seasonally unadjusted unemployment rate of 7.5 percent for the month of July, which is two-tenths of a percentage point below the national jobless figure.