Metals products manufacturer to add 30 jobs, invest $6.3 million
SHELBYVILLE, Ky. (May 1, 2012) – A metals products manufacturer broke ground Monday on a 31,000 s.f. expansion of its existing 60,000 s.f. facility in Shelbyville.
Roll Forming Corp. plans to add 30 jobs as parts of the expansion, a $6.3 million investment.
Roll Forming first began in Shelbyville with three employees in 1947. The company currently employs 220 people.
“Roll Forming has a long and rich history in Kentucky, and we’re proud of their continued success,” said Gov. Beshear.
Headquartered in Shelbyville, Ky., Roll Forming is the North American subsidiary of voestalpine AG, based in Linz, Austria, since 2000. Roll Forming utilizes roll forming metal technology to satisfy a broad range of applications by clients from transportation and construction projects to renewable energy and aerospace. The company’s expansion is because of growth in commercial aviation markets.
“The Aerospace building expansion is just another step in the continual growth of our company,” said Bill Johnson, COO of Roll Forming. “We have a great team that is committed to success and working together and it is through their commitment we are able to make this investment. Roll Forming Corporation is proud to deepen our roots in the community.”
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $400,000 through the Kentucky Business Investment (KBI) 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.
KEDFA also approved Roll Forming for tax benefits up to $57,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
“This would be an exciting announcement for Shelbyville any time, but especially during these tough economic times,” said Sen. Paul Hornback of Shelbyville.