LEXINGTON, Ky. — Vector Corrosion Technologies Inc., which provides corrosion mitigation products and services, cut the ribbon on a new operation in Lexington. The company will create 20 full-time jobs with a more than $1 million investment.
Vector located its first Kentucky operation in an existing 15,200-square-foot building at 800 Winchester Road in Lexington. In addition to acquiring the facility, the new-location project includes purchasing manufacturing equipment and other startup-related costs. Jobs created at the facility include supervisory, quality control, shipping and receiving and production line roles.
“The ceremonial ribbon cutting is an exciting event for Vector as we continue to gear up quickly to bring Kentucky-made corrosion solutions to extend the life of critical infrastructure throughout the country,” said Bob Spriggs, Vector CEO.
“The Kentucky Transportation Cabinet and its engineering consultants have expressed their support for the expanded use of cathodic protection technologies in the commonwealth, and we are anxious to move forward quickly to support local jobs,” added Chris Ball, senior vice president at Vector. “In addition to supplying domestic projects, we have also manufactured some cathodic protection systems for export to Brazil.”
Headquartered in Winnipeg, Canada, Vector has provided concrete repair and corrosion solutions to extend the life of infrastructure for the past 50 years. In the late 1990s, Vector introduced the original Galvashield XP embedded galvanic anode for concrete repair in North America. Vector has become a global leader in corrosion mitigation products and services for reinforced concrete and masonry structures, such as bridges, parking garages, buildings, marine structures and industrial facilities. Vector maintains offices in Canada, the United States and the United Kingdom and partners with over 20 distributors globally to service key markets in Europe, Asia, the Middle East and Latin America.
In January, the Kentucky Economic Development Finance Authority (KEDFA) approved a 10-year incentive agreement with the company under the Kentucky Business Investment program to encourage investment and job growth in the community.
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, Vector 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.
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