Cabinet for Economic Development
GOVERNOR BESHEAR ANNOUNCES INFAC CORPORATION TO OPEN DISTRIBUTION AND SALES CENTER IN CAMPBELLSVILLE
FRANKFORT, Ky. – Governor Steve Beshear and Economic Development Cabinet Secretary John Hindman today announced INFAC Corporation, a leading producer and worldwide supplier of mechanical cables and electronics components for the automotive industry, will locate its distribution and sales center in Taylor County. The project, which will employ approximately 75 people within two years of operation, will support North American original equipment manufacturers (OEMs).
“Kentucky welcomes the addition of INFAC Corporation’s latest project to Taylor County,” said Gov. Beshear. “The commonwealth has become a hub for the automotive industry and its suppliers, and I am confident that INFAC will discover the resources available to them here in the bluegrass are remarkable.”
The South Korean-owned company expects to begin manufacturing emergency brake cables at its 52,500 square-foot facility, located in the Campbellsville Industrial Park, in the fourth quarter of 2008. INFAC, established in 1969 in Ansan, Korea, also operates seven manufacturing plants in Korea, China, India, Turkey and has affiliates in Japan and Europe.
"This community has a lot to offer a business like ours,” said Jay Choi, director of North American Operations, INFAC Corporation. “There are three fundamental reasons why INFAC Corporation chose the Campbellsville-Taylor County site – geography, resources and atmosphere. It is centrally located among the majority of the U.S. auto manufacturers, offers available facilities and workforce familiar with the automotive markets and it just feels safe here. We are pleased to be received as part of the community."
The Cabinet for Economic Development assisted officials from the Campbellsville-Taylor County Economic Development Authority to land the project, which represents a capital investment of $500,000 in the commonwealth.
“The Cabinet is pleased to have been a part of bringing this project to Campbellsville,” said Secretary Hindman. “We look forward to working with them as they grow and succeed right here in Kentucky.”
“We are very appreciative of INFAC Corporation's foreign direct investment in our community,” said Ron McMahan, executive director of Team Taylor County. “They will provide additional diversity to our local economy and greatly enhance the quality of life.”
A community profile of Taylor County can be found at the following link: http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=060. A detailed fact sheet on the Campbellsville Industrial Park can be found at http://www.thinkkentucky.com/edis/Sites/SiteProfile.aspx?SiteID=217-001.