Japanese-owned company creating 30 new jobs, investing more than $8 million
WINCHESTER, Ky. (April 23, 2013) –Taica Corp. of Japan on Monday officially opened its manufacturing facility in Winchester, Taica Cubic Printing. The facility is managed and operated by one of the company’s two North American subsidiaries, Taica Cubic Printing Kentucky LLC. The project represents 30 new, full-time jobs over the next several years and an investment of more than $8 million.
“The 30 new jobs and $8 million investment will have a long-lasting impact on the community. Taica joins a growing list of Japanese-owned companies that have found a perfect home in Kentucky,” said Gov. Steve Beshear.
The governor met with Taica officials during an economic development trip to Japan in May 2012. The goals of the trip included strengthening existing relationships with Kentucky-based Japanese companies, while also creating new opportunities to further enhance Kentucky’s ties with the Japanese business community. Japanese-owned companies operate more than 150 facilities in Kentucky and provide more than 37,000 full-time jobs.
“I look forward to establishing a long-lasting partnership with all the people who have supported us and continue to support us in this great commonwealth,” said Taica Corp. president and chief operating officer Taito Suzuki, after conveying the greetings and gratitude of Taica Corp. chairman and CEO Tsuyoshi Suzuki.
The president of Taica Cubic Printing Kentucky LLC, Takashi Goto, said he personally commits to a long-term relationship with the community, its government and its people.
“With the latest equipment, we will work towards providing products of the highest quality and meeting our customer’s expectations, all while striving to live up to Taica Japan’s motto, and to keep our employees smiling,” Goto said.
Taica Corp. was founded in 1948 in Shizuoka, Japan. It manufactures shock-absorbing material and components, vibration-damping material and components, heat-conductive materials, as well as three-dimensional decoration technology called CUBIC PRINTING and E-CUBIC.
Taica’s Winchester facility will utilize the proprietary technology of E-CUBIC, a process using specialized film to transfer printed patterns onto three-dimensional objects such as automotive parts, sports equipment and furniture.
“We are excited about the potential economic impact on our local economy from the opening of Taica’s plant here in Winchester,” said Rep. Donna Mayfield of Winchester. “Today’s celebration is just the latest in a series of jobs announcements for Clark County, and is reflective of the outstanding business climate and quality workforce we offer.”
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.