NHK of America Suspension Components (NASCO) is investing more than $20 million to build a 50,000-square-foot manufacturing facility at its current Bowling Green, Kentucky, site. The Japanese automotive supplier will create up to 108 jobs in the coming years. It already employs more than 200 people.
"The new plant is a major investment in metal stamping technology and our Japanese parent company NHK Spring decided to locate it here in Bowling Green, Kentucky," said Fumiaki Kimura, president of NASCO. "We are very excited to have been awarded the opportunity to build something new here in Bowling Green and create new jobs. We are grateful to the commonwealth of Kentucky for providing tax incentives to help offset some of the costs of building and operating the new plant."
The Kentucky Economic Development Finance Authority (KEDFA) has preliminarily approved NASCO for tax incentives up to $2.5 million through the Kentucky Business Investment program. KEDFA also approved NASCO for tax benefits up to $294,000 through the Kentucky Enterprise Initiative Act (KEIA).
NASCO was the first Japanese company to select Bowling Green for a location. The company's total investment in the city will reach more than $150 million after this latest investment. It will begin hiring at the end of the year.