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Hendrickson USA To Locate $20 Million Production Facility In Elizabethtown, Kentucky
Area Development Online News Desk (01/30/2014)
A global manufacturer and supplier of medium and heavy-duty suspension systems, axle systems, springs, and bumper and trim components, Hendrickson USA will invest $20 million to establish a 100,000 square foot manufacturing center at the T.J. Patterson Industrial Park in Elizabethtown, Kentucky. Hendrickson, which produces suspension systems and components for heavy-duty vehicles, will create 75 jobs in the Hardin County region.

The company has two existing operations in Somerset and Lebanon, employing 450 Kentuckians. 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. Construction of the facility is expected to be completed later this year.

“I am pleased to announce that, once again, Hendrickson is expanding operations in Kentucky,” said Perry Bahr, Vice President Trailer Commercial Vehicle Systems for 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 on-going partnership with local and state officials to help Hendrickson, as well as the community, to continue to grow and prosper.”

“This is a welcomed investment in central Kentucky,” said Gov. Steve Beshear. “The fact that Hendrickson decided to locate here is further testament to our highly-skilled workforce that is a cornerstone of our thriving auto industry. Hendrickson has been a tremendous corporate partner to the Commonwealth, and I’m excited for this opportunity to put more Kentuckians back to work.”

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.

“We have been anxiously awaiting the announcement of Hendrickson USA’s decision to locate a manufacturing facility in Elizabethtown,” said Elizabethtown Mayor Edna Berger. “The production of truck trailer products by such a strong company is an outstanding addition to our industrial backbone. We again are very fortunate that a quality company such as this will be bringing good jobs to our city and are confident that they will find an eager, skilled and dependable workforce.”

 
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