Conveyor systems manufacturer to add 25 jobs
FRANKFORT, Ky. (Oct. 18, 2012) — SpanTech LLC plans to expand operations in Glasgow, adding 25 new, full-time jobs and investing $3.8 million. The company plans to lease an additional 55,500 square feet and purchase new equipment as part of the expansion.
“We’re excited to see SpanTech add 25 jobs while it continues to grow and succeed,” said Gov. Steve Beshear. “SpanTech is an inspirational company, starting small and growing into an international business. This partnership will help SpanTech remain a competitive force in the global marketplace.”
Founded in 1978 in Glasgow, SpanTech is a manufacturer of custom conveyor systems, specializing in the production of conveyors used in the frozen food, baked goods, beverage and pharmaceutical industries. The company, which currently employs 66 people at its Glasgow facility, plans to add a new sortation division to support and diversify its customer base in the warehouse and distribution markets.
“The growth trend that SpanTech is experiencing is a direct result of the passionate and intelligent people who work together every day,” said SpanTech Executive Vice President Dan Nasato. “We are committed to building the best conveyor and sortation systems possible; it’s more than a goal, it’s how we do business. There is no limit to the growth we can achieve, because there are no limits to the human content and innovation of this company.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a 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.
“SpanTech’s decision to invest so much in our community is great news on two fronts; it highlights just how successful our own homegrown companies can be, and it further confirms that our local workforce is really second-to-none,” said Rep. Johnny Bell of Glasgow.
For more information on SpanTech, visit www.spantechllc.com.