Has created 75 new jobs; additional hiring expected next year
FRANKFORT, Ky. (Dec. 10, 2014) – Bendix Spicer Foundation Brake (BSFB) has expanded operations in Bowling Green.
The $8.4 million investment includes implementation of state-of-the art manufacturing technology and supports its substantial new business growth. The facility also has added two additional machining centers and 75 new jobs.
BSFB expects to add two more machining centers, an additional assembly line and 15 new jobs in 2015, with another assembly line planned for 2016 as part of this expansion investment.
Since 2009, annual production levels at the facility have increased more than fivefold due to the growing popularity of air disc brakes in North America.
At its opening in 2007, the plant employed 133 people and occupied 187,000-s.f. Since then, continued success and expansion have taken the plant to 302,000-s.f. feet and a projected 440 employees in 2015.
To encourage the investment and job growth in Warren County, 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.