Cabinet for Economic Development
Gov. Beshear Announces Bilstein Group to Locate New Manufacturing Facility in Bowling Green, Create 90 New Jobs
Germany-based automotive supplier set to invest $120
million to construct new plant, serve North American customers
BOWLING GREEN, Ky. (Oct. 2, 2013) – Kentucky’s reputation as an ideal
location for international investment was further enhanced today with the
announcement that Bilstein Group, a family-owned German automotive supplier,
will establish a new production plant, Bilstein Cold Rolled Steel LP, in
Gov. Steve Beshear joined local leaders and Bilstein Group officials in
Warren County to make the announcement, which will result in 90 new jobs and a
$120 million investment in the Commonwealth.
“It is with
great pleasure that Kentucky welcomes Bilstein Group as its newest corporate
citizen, one that will significantly enrich the South Central Kentucky region,
as well as the entire Commonwealth,” said Gov. Beshear. “The fact that
world-class companies such as Bilstein Group continue to choose Kentucky as the
destination for their global operations speaks volumes for the pro-business
climate and workforce quality we have to offer. I congratulate Bilstein Group
on its continued growth and look forward to building upon our partnership for
years to come.”
in 1911 in Hagen, Germany, Bilstein Group has grown to be the world’s largest
supplier of cold-rolled products. In order to better serve its North American
automotive industry customers, Bilstein Group plans to construct and operate a
150,000-square-foot cold-rolled steel manufacturing facility in the 72-acre
Kentucky Transpark in Bowling Green.
absolutely certain that Bowling Green is the perfect spot for our new
state-of-the-art cold rolling mill, our most advanced annealing furnaces and
slitting operations,” said Marc T. Oehler, CEO and partner of Bilstein Group.
“Being both sufficiently close to our customers, suppliers and well within
reach from Europe and any place in North America was critical to our decision.”
The announcement falls on the heels of Gov. Beshear’s return from an
economic development trip to Europe, which included visits to companies in
Germany, Spain and Austria. Interest in Kentucky from European-owned companies,
especially those from Germany, has significantly increased in recent years.
Bilstein Group’s location marks the fourth German-owned site location
project to develop in the last year. European companies, which employ nearly 26,000 people
across the Commonwealth, have a strong presence in Kentucky, accounting for 170
of Kentucky’s 400-plus foreign-owned firms.
“We have experienced not only an extremely professional
and solution-focused support from both the Commonwealth as well as the city of
Bowling Green and Warren County community from the very start,” said Oehler.
“We also felt a lot of passion and personal effort from everyone involved, and
I am very grateful for that. I am still excited to see the enthusiasm of all
team members within Bilstein Group and within the Kentucky/Bowling Green team,
including Gov. Beshear who found the time to visit our facilities in Germany
during the preparation period of this project. Besides the perfect fit of the
selected site to our ideas and plans, the spirit we found in Kentucky and
within the team was a major reason to choose Bowling Green as our premier
location in the U.S.”
So far this year, Gov. Beshear has announced the location
of 11 new foreign-owned companies to the Commonwealth, including Kayser
Automotive Systems in Fulton; Dr. Schneider Automotive Systems in Russell
Springs; Alpla in Bowling Green and Hayashi Telempu in Frankfort.
In all, more than 13,400 new jobs and capital investments
in excess of $3.7 billion have been announced by foreign-owned companies during
Gov. Beshear’s administration.
“Bilstein Group’s choice of Bowling Green not only enhances
our automotive footprint but confirms our community’s work ethic and high
quality of life,” said Sen. Mike Wilson, of Bowling Green.
“Because of the Commonwealth’s growing stature as a global
leader in the automotive manufacturing industry, it’s essential that our steel
industry grow again as an important partner with companies like General Motors
and Toyota as a supplier,” said Rep. Jim DeCesare, of Bowling Green. “I
welcome Bilstein Group to our community and the opportunities they bring to our
work force and our local economy.”
“This is great news, and it says so much about our community
and all that it offers for Bilstein Group to invest so much here and create
these jobs,” said Rep. Jody Richards, of Bowling Green. “This announcement
further solidifies our reputation as one of the best places in not just
Kentucky, but the country to locate a business. I want to thank everyone involved
for making this possible.”
Design of the new facility will begin immediately with
construction set to begin in the spring of 2015. The plant is expected to be
operational by early 2018.
“Our region is known as the home of America’s sports car,
the Chevrolet Corvette,” said Bowling Green Mayor Bruce Wilkerson. “But it’s
the addition of internationally known automotive suppliers such as Bilstein
Group that truly make South Central Kentucky a hub for the automotive industry.
We couldn’t be more pleased to welcome Bilstein Group to the community,”
“The organizations in our community collaborate because we
all have one goal in mind – to make South Central Kentucky the place to be,”
said Warren County Judge-Executive Michael Buchanon. “We are honored to have
Bilstein Group chose this area to call home and we look forward to their
“TVA and Warren RECC are pleased to partner with the
Commonwealth of Kentucky, the Bowling Green Area Chamber and local community
leaders to help facilitate Bilstein Group’s first U.S. location, which will
result in new jobs and prosperity for the region,” said TVA Senior Vice
President of Economic Development John Bradley.
To encourage the investment and job creation in Bowling
Green, the Kentucky Economic Development Finance Authority (KEDFA)
preliminarily approved the company for tax incentives up to $3.5 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 Bilstein Cold Rolled Steel LP for tax
benefits up to $1.4 million 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.
information on Bilstein Group, visit www.bilstein-gruppe.com.
Warren County has also been
certified by the Kentucky Workforce Investment Board as a Work Ready
certification is an assurance to business and industry that the community is
committed to providing the highly skilled workforce required in today's
competitive global economy.
community profile for Bowling Green (Warren County) can be viewed here
on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans
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“This is My Kentucky” video on YouTube.