Curtis Maruyasu America is investing $11 million to retool its facility in Marion County, where it employs 416 workers who produce fluid and gas-control products and technology for the automotive industry. The Kentucky Economic Development Finance Authority has preliminarily approved Curtis Maruyasu America for tax benefits up to $1 million under the Kentucky Reinvestment Act, a program that was expanded in the Governor’s Incentives for a New Kentucky bill last summer to assist companies that need to make significant capital investment in Kentucky facilities in order to remain competitive. Curtis Maruyasu President Douglas Vyverbert said the tax incentives will allow the company to purchase capital equipment that will enable its Kentucky workers to make products in-house that are currently being purchased from outside sources, including foreign suppliers.
Air Cargo News reports that ASTAR Air Cargo is laying off more than two-thirds of its pilots between March and July, bringing its pilot workforce from 456 to 153. The layoffs, which will affect pilots based at the Cincinnati-Northern Kentucky International Airport, are the result of reduced demand from ASTAR’s major client, DHL, which drastically reduced its delivery operations in the United States last year.