Cabinet for Economic Development
Governor Beshear Announces Location of Certified Flux Solutions, Expansion of Corvac Composites in Butler County
Two companies to create 87 new jobs, invest nearly $9 million
MORGANTOWN, Ky. (June 22, 2010) – Gov. Steve Beshear today visited Morgantown to announce Certified Flux Solutions (CFS) will locate a new light industrial manufacturing facility in Butler County. Additionally, Corvac Composites, an automotive supplier, will undergo a major expansion of its Butler County facility. The two economic development projects will create a combined 87 new jobs and entail a capital investment of nearly $9 million.
“The location of Certified Flux Solutions and the expansion of Corvac Composites is a very positive development for the Butler County community and the Commonwealth,” said Gov. Beshear. “These two economic development projects will provide a tremendous economic boost and open the door to dozens of employment opportunities. We look forward to a continued partnership with both Certified Flux Solutions and Corvac Composites as they grow their operations in Kentucky.”
Certified Flux Solutions, established in 2009, is a light industrial manufacturing facility servicing the secondary aluminum industry. The company will produce specific flux blends used as an additive in the melting process of secondary aluminum furnace operations. Plans call for the construction of a 20,000 square-foot facility at 586 Industrial Road North. CFS plans to begin production by early August and will initially employ 10 people, growing to 12 in year eight of operations. The location entails an $863,000 investment in Morgantown.
“We at Certified Flux Solutions, LLC are very pleased to start our new business in Butler County, Kentucky,” said Lisa Shemwell, president of Certified Flux Solutions. “The shareholders of CFS are from this area, so we know firsthand the quality of the workforce this region offers. We are excited and grateful to be able to begin this new venture with the people from this community. On behalf of everyone at CFS, I extend sincere gratitude for the unwavering efforts of the state and local officials who worked closely with us to make this day a reality. Their determination to bring these jobs to Butler County was truly remarkable and very much appreciated. We anxiously look forward to August 1, the projected date to begin production at our new Butler County home.”
Corvac Composites, located at 101 Industrial Drive South in Morgantown since 2005, manufactures plastic parts primarily for the automotive industry. The company will invest $8.1 million to expand operations into a second Butler County facility. The new 93,750 square-foot plant, located at 210 Industrial Drive North, will assemble and ship parts currently produced in the company’s existing plant to Toyota, Honda and GM. Corvac Composites will hire 75 people as a result of the expansion, which is anticipated to begin in August.
“Corvac has enjoyed great success in Morgantown despite a challenging economy,” said John Huber, plant manager of Corvac Composites. “When expansion became necessary, we considered several options, but our ongoing positive experience and the incentives available ultimately made Butler County the best choice.”
The Kentucky Economic Development Finance Authority preliminarily approved Certified Flux Solutions and Corvac Composites for tax incentives up to $300,000 and $2 million respectively. Both projects were approved for incentives through the Kentucky Business Investment program, which can be earned over a 15-year period through corporate income tax credits and wage assessments.
“We’re proud to be a part of today’s announcements,” said Morgantown Mayor Eva Hawes. “We appreciate Certified Flux choosing Morgantown for their new project. Corvac has been a strong supporter of our community, and we congratulate them on their expansion.”
“Corvac’s investment in the community shows their commitment to bringing jobs and investment to Morgantown, Butler County, and South Central Kentucky,” added Butler County Judge Executive David Fields. “With Certified Flux locating in Butler County, we wish both companies much success.”
A detailed community profile for Morgantown (Butler County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=070. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.