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South Korean automotive supplier to expand in Campbellsville

$1 million investment expected to result in 20 new jobs

FRANKFORT, Ky. (July 31, 2015) — A South Korea company that found a home in Taylor County seven years ago has found so much success that it is now time to grow. Gov. Steve Beshear today announced INFAC North America is expanding in Campbellsville.

INFAC, a manufacturer of automotive cables, actuators, antennas and horns, will create 20 jobs and invest $1 million into the project.

“I am proud to see that one of Kentucky’s great automotive suppliers has decided to expand in Taylor County,” Beshear said. “Last year, approximately 20 percent of our announced new investment and new jobs came from motor vehicle-related projects. It’s because of growth from companies like INFAC that we continue to see gains in Kentucky’s automotive industry. I congratulate INFAC for continuing to be a strong corporate partner.”

The company will be expanding to accommodate its Feeder Cable Assembly project, which will be implemented over the coming months. The project will allow for the assembly of feeder cables to be distributed to various manufacturers.

INFAC was established in 1969 in South Korea and specializes in automotive components, such as mechanical control cables, solenoids, antennas and horns for General Motors, Chrysler, Hyundai and KIA.

In 2008, the company opened its U.S. operation, which currently has 72 employees in Campbellsville. INFAC North America outgrew the leased 52,000-s.f. warehouse and distribution center and built a 100,000-s.f. assembly, manufacturing and warehouse facility in 2013.

Kentucky has been extremely successful in the attraction of foreign direct investment. Expansion and new location projects from foreign-owned companies continue to make up a significant part of our overall job and investment growth in the manufacturing, service and technology industries.

In 2014, more than 30 percent of new investment and 20 percent of new jobs came from FDI projects, accounting for almost 20 percent of Kentucky’s announced projects.

To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $200,000 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.

In addition, INFAC North America is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no cost recruitment and job placement services, reduced cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 4,100 Kentucky companies.