Taica Corp. of Japan opened its newest manufacturing facility, an investment of more than $8 million, in Winchester, Kentucky. The facility, managed and operated by one of the company’s two North American subsidiaries, Taica Cubic Printing Kentucky LLC, is expected to create 30 new, full-time jobs over the next several years.
The firm manufactures shock-absorbing material and components, vibration-damping material and components, heat-conductive materials, as well as three-dimensional decoration technology called CUBIC PRINTING and E-CUBIC. Taica’s Winchester facility will utilize the proprietary technology of E-CUBIC, a process using specialized film to transfer printed patterns onto three-dimensional objects such as automotive parts, sports equipment and furniture.
“I look forward to establishing a long-lasting partnership with all the people who have supported us and continue to support us in this great Commonwealth,” said Taica Corp. President and Chief Operating Officer Taito Suzuki.
President of Taica Cubic Printing Kentucky LLC Takashi Goto said, “I personally commit to a long-term relationship with the community, its government and its people. With the latest equipment, we will work towards providing products of the highest quality and meeting our customer’s expectations, all while striving to live up to Taica Japan’s motto, and to keep our employees smiling.”
“I had the honor of meeting with this company during a visit to Japan, and I was impressed with Taica’s innovative technology,” Gov. Steve Beshear said. “The 30 new jobs and $8 million investment will have a long-lasting impact on the community. Taica joins a growing list of Japanese-owned companies that have found a perfect home in Kentucky.”
To encourage the investment and job growth in Winchester, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $500,000 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.