Cabinet for Economic Development
GOVERNOR FLETCHER CUTS RIBBON ON NEW MANUFACTURING FACILITY IN LOUISVILLE
NHK Spring Co. opens state-of-the-art plant in Riverport
FRANKFORT, Ky. — Governor Ernie Fletcher today joined officials from NHK Spring Co. Ltd. and NHK Spring Precision of America in Louisville to celebrate the opening of a state-of-the-art manufacturing plant in the Louisville and Jefferson County Riverport.
The NHK Spring Precision of America plant has a workforce of 66, including some part-time employees, with intended growth to 110 employees within a few years. It represents a $30 million investment.
“The Jefferson County region continues to attract high-quality corporate citizens that bring important and innovative employment opportunities,” said Governor Fletcher. “Kentucky is excited to add another member to the NHK family and we look forward to continuing our relationship for many years to come.”
NHK Spring Co., established in 1939, is one of the world’s leading spring manufacturers. Primary products are automobile suspension springs, automobile seats, precision springs and components, suspensions for hard disk drive, industrial machinery and equipment, security technologies and solutions and more.
NHK Spring has operations in eight countries, with 23 overseas affiliated companies. President and Chief Operating Officer Naoki Terakado said, “We would like to take this opportunity to thank all the people who were involved in making NHK Spring Precision of America, Inc. a reality.”
Takehiko Amaki, president and chief executive officer of NHK Spring Co. in Japan, and Tsutomu Yamaguchi, chairman and CEO of NHK Spring Precision of America, Inc. also participated in the grand opening ceremony.
The company’s other Kentucky subsidiaries are NHK of America Suspension Components, Inc., which produces coil springs and trunk lid torsion bars in Bowling Green, and New Mather Metals, Inc. in Franklin, which produces stabilizer bars for North American OEM automotive manufacturers.
“Louisville is a great place to do business, and we welcome NHK Spring to our city,” Louisville Metro Mayor Jerry Abramson said. “NHK’s location in Riverport reinforces Louisville’s position as a thriving city for automotive-related companies.”
The Kentucky Economic Development Finance Authority (KEDFA) approved NHK Spring Co. for tax benefits up to $1.6 million under the Kentucky Industrial Development Act (KIDA), an incentive program designed to attract and expand manufacturing operations in the state.
A community profile for Jefferson County can be found at http://www.thinkkentucky.com/edis/cmnty/cw/cw091/location.htm
# # #
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2006 totaled more than $3.4 billion with the creation of over 18,200 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.thinkkentucky.com.