Whitehall Industries Constructs $13 Million Production Plant In Paducah, Kentucky
Area Development Online News Desk (06/26/2013)
Aluminum component manufacturer for the auto industry, Whitehall Industries, began construction on a nearly $13 million production, plant in Paducah, Kentucky, with plans to create 150 jobs in the Commonwealth.
The new facility will be built on Commerce Drive in Paducah, and will produce precision aluminum extrusions and machine fabricated components for the automotive industry. Due to fuel efficiency standards, the company plans to meet the demand of automakers to design more automobiles with aluminum.
“American manufacturing is the cornerstone of our economy, which creates real wealth for our nation and jobs for our people,” said Yogen Rahangdale, Whitehall Industries president and CEO. “I would like personally to thank the leadership of the Commonwealth of Kentucky, McCracken County, the city of Paducah and the Economic Development Corporation for making this project possible. This new location will allow Whitehall to grow profitably, providing jobs and other benefits to the local community.”
First established in 1974, Whitehall Industries began as a manufacturer of precision components for the copier industry. The company expanded into aluminum operations, growing into an industry leader in the manufacturing of automotive sunroof tracks. In 2010, Michigan-based SRS Industries LLC acquired Whitehall Industries.
“Kentucky is gaining a well-deserved reputation as a powerful engine for the automotive industry, and companies such as Whitehall Industries are a crucial part of that success,” said Gov. Steve Beshear. “We’re excited to see 150 new jobs and a nearly $13 million investment in the Commonwealth, and we welcome Whitehall to Paducah.”
As an incentive to encourage the investment and job creation in Paducah, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.5 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.
“This announcement, thanks to partnership between the Commonwealth, Paducah Economic Development, and McCracken County, comes at a critical time for Paducah-McCracken County and the surrounding area,” said Paducah Mayor Gayle Kaler. “Folks will have an opportunity to find good employment opportunities with Whitehall.”