Three separate start-up companies have announced plans to locate their operations in Louisville, resulting in 145 new jobs and a total investment of nearly $13.5 million.
Trax Mechanical Systems LLC’s new 93,000-s.f., $6.6 million facility in Louisville will operate as the company’s primary production site, providing assembly, fabrication, remanufacturing and warehousing of commercial vehicle undercarriage components like axles and suspensions and complete axle systems for its North American customer base. Trax is partnered with global manufacturing sources and will be performing final fabrication and assembly of products for the commercial truck and trailer market. Trax’s new facility is expected to employ more than 100 during the coming months, with its first products being shipped to customers within two months.
Bio Pharma Logistics, established in 2007, operates as a third-party logistics provider dedicated to the pharmaceutical and bio-pharma industry. The company will locate in a 50,000-s.f. building on approximately 11 acres in Riverport, where it will operate a cold-storage facility to provide warehousing, storage and distribution of pharmaceuticals and frozen human blood plasma. Bio Pharma anticipates creating 25 new jobs and will invest nearly $5.9 million.
Liberty Processing and Services Innovation, established in August 2009, will open an 11,000-s.f. check-processing facility in southeast Louisville, close to General Electric’s Appliance Park. Operations at the facility will include printing, sorting, packaging and logistics. The company will provide low-cost solutions for paper-based check processing by converting imaged transactions into image replacement documents for paper clearing. Liberty will create 10 new jobs and invest $988,000.