Cabinet for Economic Development
Lt. Gov. Luallen Celebrates Bonfiglioli USA Expansion in Hebron
establishing first U.S. production line
HEBRON, Ky. (Dec. 4, 2014) – Lieutenant
Governor Crit Luallen today joined company officials and local leaders
to cut the ribbon on Bonfiglioli USA’s expansion in northern Kentucky.
Bonfiglioli USA, a leader in power transmission for mobile and self-propelled
machines, is opening its first U.S. production line. The Hebron facility, which
also serves as the company’s North American headquarters, is expected to create
up to 42 new jobs.
Gov. Steve Beshear applauded the project. “Bonfiglioli has found a successful
home here in northern Kentucky. We’re proud to have the company’s first
manufacturing line in the U.S., and especially happy to see this expansion,”
said Gov. Beshear. “Kentucky continues to set the standard for advanced
manufacturing, and companies such as Bonfiglioli are a big reason why.”
“Bonfiglioli’s expansion is part of a growing trend in Kentucky,” said Lt.
Gov. Luallen. “More and more companies – both domestic and international – are
learning that the Commonwealth has the workforce, infrastructure and support
needed to take their operations to even greater heights.”
The expansion includes a
new production line of planetary gearboxes for mobile machinery, which are used
to support the construction, mining, agricultural and forestry industries. The
Hebron production line will increase the company’s annual capacity to better
serve demand in the U.S. market.
“When Bonfiglioli first established operations in the
USA, we chose the northern Kentucky region because it had a lot to offer in
terms of proximity to the airport and our clients, a solid economic strategy
for growth and a talented and diverse workforce,” said Greg Schulte, President
of Bonfiglioli North America. “We also received, and continue to receive,
fantastic support from the Commonwealth of Kentucky and local organizations
like Northern Kentucky Tri-Ed. We look forward to continued collaboration with
the Commonwealth and others who are dedicated to growing the region and making
northern Kentucky a great place to live and work.”
has operated an 80,000-square-foot facility on Hargrave Drive, near the
Cincinnati/Northern Kentucky Airport, since 2007. The company currently employs
about 90 people in northern Kentucky.
Bonfiglioli USA is subsidiary of Bonfiglioli Riduttori
S.p.A., based in Bologna, Italy. With over 3,000 employees worldwide,
Bonfiglioli operates production plants and branches in 17 countries.
“I congratulate Bonfiglioli on its success and continued
growth in Hebron,” said Sen. John Schickel, of Union. “I also want to thank the
company for its confidence in northern Kentucky and continuing to expand its
operations and create new jobs for our residents.”
“We are honored that Bonfiglioli has chosen Boone County
to launch its first U.S. production line,” said Rep. Addia Wuchner, of
Florence. “The company’s investment in northern Kentucky is truly a testament
to Bonfiglioli’s strength, the U.S. market and our local economy.”
“The establishment of a new production line in Boone
County creates quality job opportunities in our region’s growing high-tech,
advanced manufacturing sector,” said Boone County Judge-Executive Gary Moore.
“We’re thrilled that Bonfiglioli chose to add this new capacity in Hebron and
thank the company for its commitment to northern Kentucky.”
“Bonfiglioli’s expansion is a remarkable example of the
thriving advanced manufacturing sector we have built in our region,” said Steve
Arlinghaus, Kenton County Judge-Executive and chairman of Northern Kentucky
Tri-County Economic Development Corporation. “Northern Kentucky Tri-ED is
working with our existing manufacturers and primary industries to help
facilitate expansions and create new jobs, exactly like this project, through
NKY Boost, our business retention and expansion program.”
To encourage the
investment and job growth in northern Kentucky, the Kentucky Economic
Development Finance Authority preliminarily approved the company for tax
incentives 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.
approved the company for tax benefits 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.
more about Bonfiglioli at www.bonfiglioli.com.
on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans
of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s
“This is My Kentucky” video on YouTube.
community profile for northern Kentucky can be viewed here.
For more information about Northern Kentucky Tri-ED, visit www.NorthernKentuckyusa.com.
Northern Kentucky Tri-ED can also be followed through social media channels via
Twitter and YouTube.