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Team Taylor lands Dutch Company; 25 jobs at first Announcement is a boost to Adair County area economy. $1.1 million in new TC investment. Flortubing is 2nd new employer to pick Campbellsville in two months; Team Taylor secured Korean firm INFAC in early July. Net job count is up strongly, despite lost of 220 jobs with Fleetwood pull out. Taylor County Judge Eddie Rogers gets special credit for coup Special ColumbiaMagazine.com story Compiled from Commonwealth News Center article, other sources Governor Steve Beshear and Economic Development Cabinet Secretary John Hindman announced today, Thursday, August 14, 2008, that Fluortubing USA, has committed to move part of its manufacturing operations to Campbellsville-Taylor County from its subsidiary company, Fluortubing B.V. of Utrecht, The Netherlands. The firm manufactures of Polytetrafluoraethylene (Teflon(R)) plastic tubing. "We are very excited to have Fluortubing USA's foreign direct investment in our community," said Ron McMahan, Executive Director of Team Taylor County. "Their expansion will further diversify our local economy and enhance our excellent quality of life."McMahan said the plant will locate in an existing 48,000 s.f. at 500 Industrial Drive. The building was formerly occupied by the Air Safety Company, he said. "We'd been working on the project for two years," he said. Despite an occasional loss of jobs, Mr. McMahan said that Campbellsville continues to make net gains. "We lost 220 jobs when the Fleetwood plant closed," he said, "but that was more than made up by 300 new jobs added at Amazon.com." In early July, 2008, Team Taylor announced that Korean manufacturer INFAC would locate in Industrial Park, starting with 25 jobs, but with plans to expand their Taylor County presence to 75 jobs. The new jobs at Flortubing will be relatively high paying manufacturing ones. "Their payscale will be in the top 10% of manufacturing," McMahan said. Special credit to Judge Eddie Rogers Flortubing USA President Jack Wisdom gave special credit to Taylor County Judge Eddie Rogers for his company's decision to locate in South Central Kentucky. "Thanks to the state and local officials for helping make this transition effortless. An extra thanks to Taylor County Judge Executive Eddie Rogers who started working to get us to Campbellsville from the inception. Without his initial contact, this business would have been located in Asheville, North Carolina and not in Campbellsville, Kentucky." "The opportunity to come home to Kentucky and bring good-paying, highly-technical jobs to the state has been a personal dream of mine for many years. The Fluortubing family is very happy to be located in the most beautiful state in the USA," President Wisdom said."The Cabinet is pleased to be a part of this project, creating new employment opportunities for Taylor County and providing over a million dollar investment in the commonwealth," Secretary Hindman. "Today's announcement is a good example of how Governor Beshear and the Cabinet's focus on the expansion of Kentucky business is succeeding." "We are very excited to have Fluortubing USA's foreign direct investment in our community," Mr. McMahan, "Their expansion will further diversify our local economy and enhance our excellent quality of life." $1.1 million allows move from distributing to manufacturing The $1.1 million investment will allow the company to move from distributing into manufacturing, which will expand the company's local workforce by approximately 25 employees. A 48,000 square-foot facility has been purchased to house the first phase of the expansion."Fluortubing USA's decision to bring this investment back to the commonwealth is a testament to the many advantages Kentucky offers companies competing in the global marketplace," said Gov. Beshear. "The Taylor County workforce and strong community leadership no doubt played a vital role in making this project possible. Kentucky is proud to have Fluortubing USA choose Taylor County for its expansion and wish them continued prosperity." The key market opportunities for Flurotubing USA are biopharmaceuticals, chemical synthesized pharmaceuticals, chemical processing, automotive, aerospace and many others in the North American and Asian markets. The company has received a license agreement from EI DuPont Company of Wilmington, Del., to purchase and manufacture under the Teflon(R) brand name. "The opportunity to come home to Kentucky and bring good-paying, highly-technical jobs to the state has been a personal dream of mine for many years. The Fluortubing family is very happy to be located in the most beautiful state in the USA," said Fluortubing USA President Jack Wisdom. The Kentucky Economic Development Finance Authority preliminarily approved the company for tax benefits up to $325,000 under the Kentucky Rural Economic Development Act, an incentive program designed to increase manufacturing employment and investment in the state. "The Cabinet is pleased to be a part of this project, creating new employment opportunities for Taylor County and providing over a million dollar investment in the commonwealth," said Secretary Hindman. "Today's announcement is a good example of how Governor Beshear and the Cabinet's focus on the expansion of Kentucky business is succeeding." This story was posted on 2008-08-14 16:41:18
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Lighthouse Tabernacle Fish Fry September 20, 2008 Wade Spencer at Jones Chapel UMC August 24, 2008 Obituary: Donald Knight, 70, dies in Albany Adair County Water District Agenda Aug. 14, 2008 C-AC Water Commission Agenda, Aug. 14, 2008 meeting New movie, Mamma Mia starts Friday at Columbian Second Sunday committee meets tonight Adair County Recycling to accept old computers CM Classified Ad: Kid Rock Concert tickets for tonight Community wide CROP Hunger Walk November 16, 2008 View even more articles in topic News |
 
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