Cabinet for Economic Development
WABASH NATIONAL® CORPORATION TO LOCATE MANUFACTURING FACILITY IN SIMPSON COUNTY
Semi trailer manufacturer to create 460 new jobs, invest approximately $26 million in the region
FRANKFORT, KY – Kentucky Governor Steve Beshear and Economic Development Cabinet Secretary John Hindman today announced that Wabash National® Corporation (NYSE; WNC), one of the leading manufacturers of semi trailers in North America, will build a new manufacturing facility in Franklin. The project is expected to result in up to 460 new full-time jobs within two years of project completion.
“Kentucky is pleased to welcome Wabash National as its newest corporate citizen,” said Gov. Beshear. “The hundreds of employment opportunities that will be created as a result of this new location will provide a tremendous economic boost to the community of Franklin. I believe the company will find the resources, including a first-class workforce, low business costs, and a pro-business atmosphere, that will allow it to grow and thrive in Kentucky.”
The company plans to acquire 60 acres in the Sanders Interstate Industrial Park in Simpson County and will construct a 300,000 square-foot facility. Total project costs are estimated to be approximately $26 million.
“This has been an outstanding project to work on and we are delighted in Wabash National’s decision to make Kentucky its newest location,” said Secretary Hindman. “We look forward to a continued partnership with Wabash National for years to come.”
Established in 1985 and headquartered in Lafayette, Ind., Wabash National Corporation specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers and intermodal equipment. Its innovative core products are sold under the DuraPlate®, ArcticLite®, and Eagle® brand names.
The company operates two wholly-owned subsidiaries: Transcraft® Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, trailer service centers and retail distributors of new and used trailers and aftermarket parts throughout the U.S.
“The selection of Kentucky as the location for this plant is the result of outstanding collaboration between Wabash National, the Commonwealth of Kentucky, and several local governmental and economic development entities,” said Wabash National’s Senior Vice President of Manufacturing Joe Zachman. “We would like to thank all of the individuals and organizations who worked hard to help make Franklin, Kentucky the location of choice.”
The Kentucky Economic Development Finance Authority preliminarily approved Wabash National Corporation this morning for tax benefits up to $4 million under the Kentucky Industrial Development Act, an incentive program designed to attract and expand manufacturing employment in the state.
“It is certainly a great day for Simpson County,” said Senator Richie Sanders. “Wabash National is the premier trailer manufacturer in the world. We are very excited to have them as a corporate citizen. I have been fortunate enough to have visited their corporate headquarters and am very impressed with the company and the management staff.”
“Franklin, Kentucky and the Franklin-Simpson Industrial Authority continue to have tremendous success in economic development,” said Representative Rob Wilkey. “My congratulations to everyone involved in attracting this top notch project to Simpson County.”
“This company makes for a great addition to our industrial community,” said Simpson County Judge Executive Jim Henderson. “The new technical college was an important feature that made our site competitive against dozens of other sites throughout the Southeast.”
“We are elated to be chosen as the site for this facility,” said Franklin Mayor Jim Brown. “We have been greatly impressed with the management team of Wabash National and feel positively that this company will greatly enhance the quality of life in our community. The project with its size and scope is a once in a lifetime opportunity.”
A community profile for Simpson County can be found at: http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=079. A profile of the Sanders Interstate Industrial Park can be found at: http://www.thinkkentucky.com/edis/Sites/SiteProfile.aspx?SiteID=213-010.
# # #
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 2007 totaled nearly $2 billion with the creation of over 13,300 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.
About Wabash National Corporation
Headquartered in Lafayette, Ind., Wabash National® Corporation (NYSE: WNC) is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate®, ArcticLite®, and Eagle® brand names. The company operates two wholly-owned subsidiaries; Transcraft® Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, trailer service centers and retail distributors of new and used trailers and aftermarket parts throughout the U.S.