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Kobelco Aluminum expanding in Bowling Green The auto supplier's 90-employee expansion in Warren County will add melting furnace, extrusion and fabrication capacity. By Nicole Burton/Jack Mazurak Frankfort, KY - Less than two years after opening its Bowling Green plant, automotive parts manufacturer Kobelco Aluminum Products & Extrusions Inc. will expand with a $42 million investment, bringing its total planned employment to 220 and overall Kentucky investment to $95 million, Gov. Matt Bevin announced today. Kobelco executives plan to add a new melting furnace, extrusion press and fabrication equipment. Company leaders plan to start construction in January 2019 and start production in the expanded operation in the first half of 2020. The plant manufactures aluminum bumper and sub-frame materials. Automakers increasingly want aluminum parts as they seek to lighten their vehicles to meet tightening federal fuel economy and emissions standards. Kobelco currently has two performance-based incentive agreements from the Kentucky Economic Development Finance Authority, which are designed to encourage investment and job growth for the state. In addition, Kobelco can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2017, the Kentucky Skills Network provided training for more than 120,000 Kentuckians and 5,700 companies from a variety of industry sectors. This story was posted on 2018-12-19 11:28:24
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Warm and sunny today, high 50's, rain Thursday 7-County Area Courts for Wed 19 Dec 2018 Special Session ends without a vote More I65 delays in Warren/Barren on Wednesday KSP Collects 211 Tons of Food for KY Families I65-S near KY-TN line down to 1 lane for major pothole repair SAFE program offers free roadside service PSC opens case to revamp water loss reporting Chamber of Commerce will be closed Dec 24-Jan 3 CJE Christmas holiday schedule View even more articles in topic News |
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