Cabinet for Economic Development
GOVERNOR BESHEAR CELEBRATES GRAND OPENING OF NPR MANUFACTURING KENTUCKY IN BARDSTOWN
Japanese automotive supplier will create 150 new jobs, invest $48.7 million in Kentucky
FRANKFORT, Ky. – Governor Steve Beshear today joined company and community officials to celebrate the grand opening of NPR Manufacturing Kentucky in Bardstown. The $48.7 million Japanese investment is NPR’s first manufacturing facility in the commonwealth. The company anticipates creating 150 jobs at full employment.
“I’m honored to take part in today’s grand opening for NPR Manufacturing Kentucky,” said Gov. Beshear. “This Kentucky facility will be a tremendous asset to the Bardstown community, providing 150 new employment opportunities. The commonwealth will continue to partner with NPR Manufacturing Kentucky to ensure its success and growth for years to come.”
Parent company Nippon Piston Ring Co., Ltd., headquartered in Saitama City, Japan, announced in May 2006, it would locate its newest manufacturing facility in Kentucky. The 200,000 square-foot plant, named NPR Manufacturing Kentucky, will produce steel piston rings, a key automotive engine component.
"I deeply appreciate everyone who has supported us in opening our new business in Bardstown,” said Yasuyoshi Egami, president of NPR Manufacturing Kentucky, LLC. “I know our company made the right decision in choosing Bardstown and looking forward to opportunities to grow our company here. Bardstown is certainly one of the most beautiful and wonderful cities I have ever seen."
NPR Manufacturing Kentucky, located in the Wilson Industrial Park, is Bardstown’s ninth Japanese company. Production at the Bardstown operation is expected to reach 18 million pieces annually.
"Nelson County is very fortunate to have NPR in our community and we are excited about the future employment opportunities that will benefit our families,” said Nelson County Judge Executive Dean Watts. “The city and county stand by to help in any way to ensure their success." Bardstown Mayor Dick Heaton added, "NPR is an important part of the industrial and manufacturing landscape of Bardstown."
The Kentucky Economic Development Finance Authority approved NPR Manufacturing Kentucky for up to $4 million in tax benefits under the Kentucky Rural Economic Development Act. Additionally, the company was approved for $297,912 in benefits under the Kentucky Enterprise Initiative Act, a program that allows approved companies to recoup sales and use tax costs related to construction materials, building fixtures and equipment used for research and development.
The company will also utilize funds from the state’s Bluegrass State Skills Corporation, the workforce training arm of the Cabinet for Economic Development, to train new employees.
A community profile for Nelson County can be found at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=032.