Automotive industry supplier creating 220 jobs near CartersvilleAtlanta, August 15, 2012 - Gov. Nathan Deal today announced that automotive industry supplier voestalpine Metal Forming, under its automotive body parts unit, will build a manufacturing facility near Cartersville in Bartow County creating 220 jobs. The company, investing $62 million in this new facility, will be its first in the Southeast.
On November 14th 2012 Governor Steve Beshear announced that Webasto Sunroof Systems Inc. plans to expand manufacturing operations in Lexington, creating 65 new, full-time jobs and investing $10 million in the Commonwealth. Gov. Beshear met to discuss the potential project with Webasto officials this summer during an economic development trip to Germany.
"It's outstanding to see Webasto bring 65 new jobs and a $10 million investment to Lexington," said Gov. Beshear. "Through its rich history, Webasto has faced adversity, persevered through difficult economic times and emerged successful and stronger. This is an exciting time for the company, and a period when Kentucky's automotive industry is moving forward and helping drive the economy in the right direction."
On July 12th 2012 Governor Steve Beshear announced that ZF Rubber & Plastics Hebron LLC will expand its Northern Kentucky manufacturing operation, adding more than 60 new jobs to its current full-time workforce of 206.
The company's $17.9 million investment will increase the existing Hebron facility by 52,000 square feet and allow for the purchase of new equipment to manufacture bushings, engine mounts, anti-vibration products and plastics components for the automotive industry.
New investment opportunities emerge as natural gas prices fallA few years ago, a major price differential emerged between oil and natural gas; that differential is now expected to persist for decades. As new technologies allowed for the capture and use of natural gas, market rates for this resource fell to historically low levels. Across the nation, manufacturers cut their operating costs by relying on natural gas to power their equipment, machines and vehicles. With an abundant supply of this resource available in the U.S., the stage was set for a renaissance in America's industrial sector.
Hine is a key supplier to Gamesa and committed to establishing production facility in the US to supply the Gamesa nascelles plant in Philadelphia.
As a result of it, Hine located close to Gamesa, in Bucks County, Pennsylvania and since 2007 has been working successfully then. Business in USA might represent almost 20% of the company and Hine, right now, has expanded its business to new clients and new sectors around Renewable Energy and Industrial area.
