Consultants Forum    |   FacilityLocations    |   FastFacility    |   Advertise    |   Subscribe    |   Newsletter    |   RSSRSS
Inward Investment Guides
Workforce Development

Hendrickson USA Begins Construction On $20 Million Production Center In Elizabethtown, Kentucky

Area Development Online News Desk (03/26/2014)
Hendrickson USA, which manufactures suspension systems and components for heavy-duty vehicles, began construction on its $20 million, 100,000 square foot, manufacturing center at T.J. Patterson Industrial Park in Elizabethtown, Kentucky, with plans to create 75 jobs in Hardin County.

The Elizabethtown site will manufacture products to supply the company’s existing operations in nearby states. As the facility will be highly-automated, Hendrickson chose Hardin County for its available workforce, training programs and centralized location. Hendrickson is a global manufacturer and supplier of medium and heavy-duty suspension systems, axle systems, springs, and bumper and trim components. The company has two existing operations in Somerset and Lebanon, employing 450 Kentuckians.

“I am pleased to announce that, once again, Hendrickson is expanding operations in Kentucky,” said Gary Gerstenslager, President/CEO of Hendrickson. “Our team members in Kentucky have proven their dedication, loyalty and work ethic. Their efforts continue to help expand the Hendrickson business while maintaining our reputation in the commercial transportation industry as a global manufacturer and supplier of durable, dependable and quality suspension systems. This project would not have been possible without the support of the Commonwealth of Kentucky. We look forward to an ongoing partnership with local and state officials to help Hendrickson, as well as the community, continue to grow and prosper.”

“We are very excited to see Hendrickson bring its services to the Commonwealth,” said Governor Steve Beshear. “This is further proof that Kentucky’s centralized location and strong infrastructure provide a strategic advantage for companies to establish operations in the Bluegrass.”

To encourage the investment and job growth in Hardin County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.55 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

Article Discussion

Share