HENDERSON COUNTY — Accuride Corp., a manufacturer of wheels, wheel ends, and braking components for commercial and passenger vehicles, is investing in the company’s Henderson County facility with a $2 million commitment, creating 15 well-paying jobs for Kentucky residents.
Company leaders are investing in facility and equipment upgrades to keep the company competitive in the rapidly growing automotive market and to position the operation to land new projects in the future. The investment will include roof repairs, updating of at least one assembly welder robot, concrete repair and improved airflow throughout the 306,000-square-foot facility on Adams Drive near Henderson. Accuride currently employs 137 people full-time at the location.
“Investing in our plant and community will help us to achieve our goal of providing the highest quality products to our customers,” said Rob Jozwiak, director of operations at the Henderson County operation. “Also, this will allow us to expand our team with new production, maintenance and salary team members.”
Accuride has operated in Henderson County since 1974 and currently produces more than 10,000 heavy steel wheels daily for the heavy truck industry. The facility also houses the company’s wheels research and development, product development and testing operations. Accuride products include steel and aluminum wheels, brake drums and rotors, hubs and assemblies, as well as slack adjusters. The Michigan-based company has four manufacturing locations in the United States, in addition to facilities in Canada and Mexico.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in June preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $250,000 in tax incentives based on the company’s investment of more than $2 million and annual targets of:
- Creation and maintenance of 15 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $39, including benefits, across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Accuride can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
For more information on Accuride, visit AccurideCorp.com.
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