Governor Steve Beshear's Communications Office
INFAC North America Celebrates Grand Opening of Expanded Manufacturing Facility in Campbellsville, Addition of 20 Jobs
South Korean automotive supplier invests $6.5 million in the Commonwealth
FRANKFORT Ky. – INFAC North America Inc. today celebrated the completion of its $6.5 million manufacturing expansion project in Campbellsville. The company will add 20 new, full-time employees to its operation as a result of the growth.
Sending congratulatory remarks from his economic development trip in Europe this week, Gov. Steve Beshear wished the company much success.
“This is an exciting time for INFAC, Campbellsville and all of Kentucky, with the completion of a $6.5 million expansion that is responsible for the creation of 20 new jobs,” said Gov. Beshear. “I extend my sincerest congratulations and wish INFAC continued success for many years to come.”
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 60 employees, in Campbellsville. INFAC outgrew the leased 52,000-square-foot warehouse and distribution center and decided to build a new 100,000-square-foot assembly, manufacturing and warehouse facility. The new building will allow for increased manufacturing of brake and transmission control cables.
“Many thanks to our customers’ great success and the continuous support from the state of Kentucky, Taylor County and Campbellsville,” said INFAC Chairman and Chief Operating Officer Ohe Gil Choi. “One of the key factors for us to grow rapidly was our INFAC North America team members. We have received a ‘0 PPM Award’ from Hyundai Motors for achieving zero defects for one full year. While delivering more than 9 million parts, the INFAC North America team didn’t allow a single defect to escape our facility. INFAC North America also played a big role in winning ‘GM Supplier of the Year’ three years in a row. These achievements would have been impossible if we didn’t have dedicated, and diligent team members.”
Foreign direct investment and the automotive industry are both very important to Kentucky’s economy. The Commonwealth is home to more than 400 foreign-owned companies from 30 nations, employing nearly 80,000 people. Kentucky has approximately 450 motor vehicle-related manufacturing establishments, accounting for more than 80,000 jobs in the Commonwealth.
To encourage the investment and job growth in Campbellsville, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $400,000 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.
KEDFA also approved INFAC for tax benefits up to $300,000 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.
“I am very pleased INFAC is creating more manufacturing jobs in Taylor County with this significant economic investment,” said Sen. Sara Beth Gregory, of Monticello. “The company’s ongoing commitment says a lot about the hardworking people and the quality of life in the region.”
“As the automotive component industry continues to expand in Kentucky, we are pleased that Taylor County and Campbellsville continues to be a prime location for companies to locate,” said Rep. John “Bam” Carney, of Campbellsville. “We’re pleased that INFAC will provide an economic boost to our economy and our workforce, and we hope more manufacturers like INFAC choose our community to call home.”
“We congratulate INFAC on its latest expansion in Taylor County,” said Taylor County Judge-Executive Eddie Rogers. “Their decision to retain and create new jobs and capital investment in our community will produce a positive economic impact for years to come.”
“INFAC has been an excellent corporate citizen for the last five years and we look forward to continuing this relationship long into the future,” said Campbellsville Mayor Tony Young. “Our strong workforce has enabled them to thrive here, and we thank them for continuing to invest in our community.”
For more information on INFAC, visit www.infac.com.
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.
A detailed community profile for Campbellsville (Taylor County) can be viewed here