Cabinet for Economic Development
South Korean Automotive Supplier INFAC North America to Expand in Campbellsville
$1 million investment expected to result in 20 new jobs
FRANKFORT, Ky. (July 31, 2015) – A 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,” said Gov. Beshear. “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.
“It’s an honor and a privilege to be working once again with the state and local government agencies on another expansion project,” said Brian Bland, general manager of INFAC North America. “We are excited at the potential for this new business opportunity and the jobs it will create for Campbellsville and Taylor County.”
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-square-foot warehouse and distribution center and built a 100,000-square-foot 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.
“We are happy to welcome this new investment by INFAC in Campbellsville,” said Sen. Max Wise, of Campbellsville. “This investment speaks volumes to the business-friendly environment provided by our community, and we thank all those who helped make this possible.”
“INFAC North America has long been an outstanding corporate citizen of Taylor County, investing nearly $8 million in the last seven years in our region,” said Rep. John “Bam” Carney, of Campbellsville. “It is exciting to see yet another expansion of their Campbellsville operation, which will create new jobs and new opportunities for our workforce.”
“INFAC’s continued capital investment and new jobs in Campbellsville is welcome news for our local economy,” said Campbellsville Mayor Tony Young. “On behalf of the community, I’d like to thank INFAC for its commitment to our community and the respect for our great workforce.”
“Taylor County is honored to have INFAC choose to expand here for the third time since locating in 2008,” said Taylor County Judge-Executive Eddie Rogers. “I’m proud our community has the quality workforce to meet their employment needs. The new jobs are a welcome addition to our economy. We look forward to their continued success.”
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.
For more information on INFAC North America, visit www.infac.com/index_eng/.
A detailed community profile for Taylor County can be viewed here.
Information 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.