High-tech automotive supplier invests $60 million to establish, equip its first tailored rolled blank facility
FLORENCE, Ky. (Oct. 25, 2013) –Gov. Steve Beshear today joined Mubea shareholders, executives, employees and northern Kentucky officials to cut the ribbon on the automotive supplier’s new, state-of-the-art tailored rolled blank advanced manufacturing facility in Boone County. The $60 million investment will spur the creation of approximately 150 new jobs.
“Mubea has been producing highly technical parts for the automotive sector for more than 30 years, providing hundreds of jobs and capital investment in northern Kentucky,” said Gov. Beshear. “We’re thrilled that Mubea chose to build this new manufacturing facility in Boone County and gladly welcome the addition of approximately 150 jobs.”
Mubea uses new lightweight technologies with innovative technical processing methods to create high-performing automotive parts, which are used in the production of lighter vehicles. Mubea’s North America operations occupy 800,000 s.f. in eight locations, with one in Elsmere and the rest in unincorporated Boone County.
“Our focus is on providing the highest quality, lightest weight, best performing components to our customers – automotive manufacturers,” said Doug Cain, CEO of Mubea North America. “The new Mubea tailored rolled blank facility is the only one of its kind in North America. The innovative technology we’ve brought to northern Kentucky is a key factor in our continuing successful growth.”
Mubea’s new 75,000-s.f. facility in unincorporated Boone County is located in the Northern Kentucky Industrial Park (NKIP), home to more than 200 companies. Mubea is one of the largest automotive suppliers in NKIP, which is also home to Mazak, Sweco and many other international advanced manufacturers.
“Since the day Toyota first announced they were coming to Kentucky, our commonwealth has grown into a global leader in automotive manufacturing and research,” said Rep. Sal Santoro of Florence. “It’s encouraging to know our workforce will be helping Mubea explore new ways to make future cars safer and more economical.”
For more information on Mubea, visit http://mubea.com.