SpanTech, a manufacturer of custom conveyor systems used in the frozen food, baked goods, beverage and pharmaceutical industries, will invest $3.8 million to add 55,500 square feet to its production facility and purchase new equipment as part of the expansion in Glasgow, Kentucky.
The company, which currently employs 66 people at its Glasgow facility at 1115 Cleveland Avenue, plans to add a new sorting division to support and diversify its customer base in the warehouse and distribution markets.
"The growth trend that SpanTech is experiencing is a direct result of the passionate and intelligent people who work together every day," said SpanTech Executive Vice President Dan Nasato. "We are committed to building the best conveyor and sortation systems possible; it's more than a goal, it's how we do business. There is no limit to the growth we can achieve, because there are no limits to the human content and innovation of this company."
"We're excited to see SpanTech add 25 jobs while it continues to grow and succeed," said Gov. Steve Beshear. "SpanTech is an inspirational company, starting small and growing into an international business. This partnership will help SpanTech remain a competitive force in the global marketplace."
As an incentive to encourage the investment and job growth in Glasgow, 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.
"SpanTech has been a valuable member of Glasgow's manufacturing sector since 1978," said Mayor Rhonda Riherd Trautman. "The upcoming expansion of facilities, operations and employees is very positive for Glasgow and we are thankful for their investment in our community. Starting as a small, locally owned company and reaching the level they have achieved by being a global supplier of conveyor systems demonstrates that innovation and quality production is alive and doing well in Glasgow."