Cabinet for Economic Development
Lt. Gov. Luallen Celebrates Expansion of T.RAD North America in Hopkinsville
Japanese-owned heat transfer
manufacturer to increase production, add 200 jobs
HOPKINSVILLE, Ky. (Dec. 2, 2014) –
Lieutenant Governor Crit Luallen today joined company officials and
local leaders to break ground on T.RAD North America Inc.’s expansion in Christian
T.RAD, a Japanese-owned heat transfer manufacturer, is expected to create
200 jobs and invest $25 million.
Gov. Steve Beshear applauded the expansion. “T.RAD North America is a
valuable asset to western Kentucky and our thriving automotive industry,” said
Gov. Beshear. “We’re proud to be part of the growth and success we’re seeing
today. The Commonwealth takes great pride in partnering with local
businesses to help keep them competitive and prosperous right here in the
“This is an excellent opportunity for both T.RAD and
Kentucky,” said Lt. Gov. Luallen. “Matching a great company with our excellent
workforce provides a significant boost to our local economy. We’re proud of our
relationship with T.RAD, and we know the company and its employees will
continue to succeed here.”
T.RAD plans to construct additional manufacturing space
to its 180,000-square-foot operation in Commerce Park. The expansion will
increase production efficiency and reduce costs.
“Since 1988, when T.RAD decided to locate in Hopkinsville, we have
experienced great cooperation from Kentucky and the local community in growing
our company, beginning with 30 employees to our current 500,” said Tatsuya Kikuyama, president of T.RAD North America.
“We are excited about our future and believe the Hopkinsville community will
continue to provide us with an excellent workforce and good relationships with
both the state and local governments.”
T.RAD North America designs and manufactures heat
transfer and cooling systems for the automotive, motorcycle, construction and
agricultural industries, as well as for the military. The company currently
employs nearly 500 people in Hopkinsville.
This is the latest of several T.RAD investments in
western Kentucky. In 2012, the company announced plans to invest $10.8 million
to purchase new equipment to increase production capacity and meet the demand
for lighter weight aluminum products.
Kentucky continues to be a hotbed
for Japanese investment. More than 160 Japanese facilities are in Kentucky,
employing more than 40,000 people. In the past two years, 52 Japanese companies
have announced plans to invest more than $1.3 billion statewide.
To further strengthen those ties, Gov. Beshear traveled
to Japan last month to meet with business leaders across multiple industries.
Kentucky is home
to more than 460 automotive-related industries that employ more than 82,000
people. The Commonwealth ranks third highest in auto industry-related
employment as a percent of total state employment among the top motor vehicle
producing states in the United States.
“T.RAD is a
valuable part of Hopkinsville's industrial family, and I couldn’t be more
excited about T.RAD bringing new jobs to Christian County,” said Sen. Whitney
Westerfield, of Hopkinsville. “The positive economic impact on this region and
the Commonwealth as a whole is immeasurable. T.RAD’s expansion means 200 new
jobs and that translates directly into support for at least 200 families. It
also is direct testimony that Kentucky's automotive manufacturing industry and
Hopkinsville's workforce are worthy of investment.”
“T.RAD has been
a great corporate partner, so I’m certainly pleased to see it make this
investment and create so many new jobs for our community,” said Rep. John
Tilley, of Hopkinsville. “This will be a big help for a lot of our families,
and it offers further proof that our region is an ideal place for businesses to
“Today’s expansion is encouraging
news for our local economy and our able workforce by creating nearly 200 new
jobs for the area,” said Rep. Myron Dossett, of Pembroke. “T.RAD’s expansion
also is a positive reflection not only on the economic base in Hopkinsville and
Christian County, but on Kentucky as whole because of its status as a leader in
the automotive manufacturing industry.”
“Once again we applaud T.RAD for making such a significant
investment to grow their local operation,” said Hopkinsville Mayor Dan Kemp.
“T.RAD continues to be an important part of our community by providing quality
jobs for our citizens. The company recently celebrated 25 years in
Hopkinsville-Christian County, and we look forward to many more to come.”
“The expansion of the T.RAD facility in Commerce Park is
the result of a tremendous partnership formed with our community in 1987,” said
Christian County Judge-Executive Steve Tribble. “T.RAD North America is a
world leader in the production of heat transfer products and we are proud of
the company’s success. We congratulate T.RAD and all the employees at this
facility for their hard work and the contributions they make to our regional
To encourage the
investment and job growth in Christian County, the Kentucky Economic
Development Finance Authority (KEDFA) preliminarily approved the company for
tax incentives up to $2.3 million 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.
KEDFA also approved T.RAD for tax benefits up to $200,000
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.
community profile for Hopkinsville (Christian 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
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the Cabinet’s “This is My Kentucky” video on YouTube.