Home » A list of KEDFA company investments approved in March

A list of KEDFA company investments approved in March

The Kentucky Economic Development Finance Authority (KEDFA) announced the following investments in companies on Thursday.

• Novelis Corp. of Berea, which melts down used beverage cans and other recycled aluminum scrap to produce ingots to use in new aluminum cans, will receive $2.3 million to increase the production capacity of the plant by 50 million pounds per year. The company needs to invest in additional equipment and make facility improvements to handle the material volumes.

KEDFA approved the company for tax incentives up to $75,000 through the Kentucky Business Investment program.

• Tower Automotive Operations USA of Shepherdsville, a leading integrated global manufacturer of engineered structual metal components and assemblies, will receive $19.9 million to expand the facility to accommodate for growth. The company was awarded a new program to manufacture automotive structural components for sport utility vehicles.

KEDFA approved the company for tax incentives up to $600,000 through the Kentucky Business Investment program.

• Tower Automotive Operations USA of Bardstown will receive $29 million to invest in new equipment to accommodate a new program to manufacture components for sport utility vehicles.

KEDFA approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program.

• Maxim Crane Works of Wilder, the largest coast-to-coast provider of crane rental and lifting services in the U.S., has been preliminarily approved for $4.7 million to construct an additional 17,000-s.q. building to house executive and administrative staff. The company’s job targets will increase from 40 to 100 in five years with an average hourly wage of $69.

KEDFA preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program.

• Perfetti van Melle USA of Erlanger, a confectionary manufacturer, in response to the market demand and to better serve its customers, has received preliminary approval for $11 million to expand its manufacturing and packaging capacity by nearly 50 percent.

KEDFA approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program.

• UACJ Automotive Whitehall Industries of Paducah, a manufacturer of precision aluminum parts for the automotive industry, has received $3.3 million preliminary approval to help move new programs to its Ky. plant over the next few years.

KEDFA approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program.

• TG Automotive Sealing Kentucky of Hopkinsville, which manufactures automotive weather-stripping, rubber molded and plastic interior auto parts, has received preliminary approval of $7.4 million for equipment upgrades and other improvements in order for potential future expansion.

KEDFA approved the company for tax incentives up to $3.3 million through the Kentucky Business Investment program.

• LEDVANCE of Versailles, a manufacturer of linear fluorescent lamps, received approval for $13 million to consolidate some operations, a building addition, installation of equipment moved from other sites, new equipment and start-up costs.

KEDFA approved the company for tax incentives up to $2.5 million through the Kentucky Business Investment program.

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