Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
77 new jobs coming to Elizabethtown, KY - 60 miles away
Gov. Beshear Announces Soudal Holding NV to Acquire Accumetric LLC, Expand Facility in ElizabethtownSealants, adhesive company to establish North American headquarters. Soudal Holdings will acquire Accumetrics, employer with 85 jobs already - expansion will create as many as 77 new jobs. Soudal's North American Headquarters will also be moved to Hardin County. Kentucky has witnessed great success in attracting foreign companies to the Commonwealth. Last year, almost 40 percent of new investment and more than 30 percent of new jobs came as a result of foreign direct investment. Almost one in five of Kentucky's announced projects in 2013 came from foreign-owned companiesElizabethtown is approximately 60 miles from Columbia, KY - just over 1 hour's drive away
Click on headline for complete story
Terry Sebastian & Jennifer Brislin
News from Gov. Steve Beshear's Communicatioins Office
ELIZABETHTOWN, KY (June 10, 2014) Governor Steve Beshear today joined community leaders and officials from Soudal Holding NV to announce the company will acquire and expand Accumetric LLC in Elizabethtown, KY.
Soudal, an international adhesive and sealant manufacturer, will retain the 85 jobs currently at the facility and plans to create as many as 77 new positions.
"The Commonwealth is excited to welcome Soudal to our growing international corporate community," said Gov. Beshear. "I know that the company could have located anywhere. The fact that it chose to grow in the Commonwealth is a strong testament to our pro-business climate and quality workforce."
Soudal plans to invest nearly $21.2 million in the project, which will entail technology upgrades and an expansion of the 200,000-square-foot facility on Ring Road. The move also will establish Soudal's North American headquarters in Hardin County. Even with the change in ownership, the facility will still operate under the name Accumetric.
"Kentucky's business-friendly environment, coupled with strong expansion options, helped to solidify our location decision," said Soudal's chairman and CEO Baron Victor Swerts. "As a rapidly growing company, we need a business environment that will respond quickly to our needs, and the Commonwealth and Elizabethtown-Hardin County communities clearly fit this requirement. Soudal is excited to be investing in the Commonwealth of Kentucky and looks forward to the accelerated growth of Accumetric here in North America."
Soudal was formed in Belgium in 1966 and is a global leader in sealants, foam and adhesives. The company operates in more than 100 countries.
In acquiring Accumetric, Soudal inherits a company that has manufactured, packaged and marketed adhesives, sealants, lubricants and related products to domestic and foreign customers worldwide for more than 40 years.
To encourage the investment and job growth in Hardin County, the Kentucky Economic Development Finance Authority preliminarily approved Soudal's expansion for tax incentives up to $1.2 million through the Kentucky Business Investment program. The performance-based incentive allows the company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved Soudal for tax benefits up to $300,000 through the Kentucky Enterprise Investment Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
"Having Soudal's North American headquarters in Elizabethtown will be a tremendous opportunity for Hardin County and Kentucky," said Sen. Dennis Parrett, of Elizabethtown. "The new jobs and the investment in our industrial base will benefit our community, the region and the state. I welcome our new corporate friend and look forward to building on this partnership to bring even more jobs to the region."
"I want to welcome Soudal to Hardin County and would like to say how proud I am of our community's workforce and quality of life, because both played critical roles in this decision," said Rep. Jimmie Lee, of Elizabethtown. "I also want to thank Gov. Beshear and our local and state economic development leaders for their roles in making this possible. This announcement is great news."
"We are incredibly pleased that Soudal has selected Elizabethtown as its new location," said Elizabethtown Mayor Edna Berger. "Soudal will add significantly to our strong business environment in Elizabethtown."
"We are delighted that Soudal has decided to call Hardin County home," said Hardin County Judge-Executive Harry Berry. "This is great news for the county and proof that our region's low cost of business and qualified workforce make it a strong location for companies looking to expand operations."
Soudal's domestic operations website is: www.soudalusa.com.
Kentucky has witnessed great success in attracting foreign companies to the Commonwealth. Last year, almost 40 percent of new investment and more than 30 percent of new jobs came as a result of foreign direct investment. Almost one in five of Kentucky's announced projects in 2013 came from foreign-owned companies.
This story was posted on 2014-06-11 06:43:21
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
More articles from topic News:
Firefighters find barn on Purdy-Sano Road engulfed in flames
Stapleton-VanHoose vows exchanged at Vester, KY
(Ad) Yardsales are now being posted - see growing list today
Driver apparently dies behind the wheel before collision occurs
ACPC School Council will consider applications in special session
Heaven Bound singing at Tabor, June 15, 2014
Hadley Community Church VBS continues high attendance
Jon Halsey: Somerset's plan to retail gas is totally wrong
Storm, June 10, 2014 - Adair County, KY
Storm, June 10, 2014 - Adair County, KY - Roley
View even more articles in topic News
Click for Info
Bank of Columbia
If You're Thinking of Selling,
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.