Will create 30 new jobs
FRANKFORT Ky. (Oct. 21, 2014) — Gov. Steve Beshear today announced that Castlen Welding & Manufacturing LLC plans to expand its operations in Daviess County.
Castlen, a manufacturer of material handling equipment for the fertilizer and grain industries, is expected to create up to 30 new jobs and invest nearly $3.9 million into the project.
“This is a prime example of a small, family-owned business finding success in Kentucky,” Beshear said.
Castlen’s new facility will allow the company to expand its operation into the welding and manufacturing of conveyors, hoppers, conditioners, towers and bucket elevators. Located on U.S. Highway 60, it has 92 acres of industrial property with about 16,000-s.f. of buildings. The property also has rail and river access, which will allow the company to purchase and transfer steel in larger quantities. The facility is expected to be operational sometime in 2015.
Castlen, which was started in 2008, erects and installs the equipment on-site. The company also builds grain storage tanks and liquid fertilizer facilities, and offers a wide variety of welding and custom fabrication services.
The company’s existing location on Iceland Road in Maceo will still be used for custom fabrication and welding repair.
To encourage the investment and job growth in Daviess County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $350,000 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.