Dajcor Aluminum Ltd., a Canadian manufacturer of extruded and fabricated aluminum products, will invest nearly $19.6 million to locate its first U.S. operation at Coalfields Industrial Park near Hazard, Kentucky. The company plans to create up to 265 full-time jobs.
Dajcor plans to locate in the former American Woodmark facility in Perry County’s Coalfields Industrial Park. The operation will provide Dajcor additional capacity for aluminum extrusion and fabrication to serve a variety of North American industries. The Kentucky location will also help the company better reach its U.S. customers. Retrofitting and setup will begin immediately and operations are slated to begin by the end of 2019.
“We are excited to get going on this expansion project for Dajcor,” said Mike Kilby, President & CEO of Dajcor. “This project will not only expand our capacity but also our geographic reach as our first manufacturing facility in the USA. Perry County, in Eastern Kentucky, offers a ready workforce as well as excellent state-of-the-art fabrication training facilities within the area. This fits well with our ‘All Under One Roof’ aluminum extrusion and fabrication business model.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in December preliminarily approved the company for tax incentives up to $4 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of the new tax revenue it generates over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, Dajcor can receive resources from the Kentucky Skills Network.
“We are excited for another major jobs announcement in Eastern Kentucky, where we have a strong, skilled workforce ready to serve any industry’s needs,” Governor Matt Bevin said. “Dajcor Aluminum has selected an excellent location for its first U.S. operation and will be a great fit for the workforce in and around Perry County. We are grateful to Dajcor for their decision to locate in Kentucky, and we stand ready to help this company achieve its goals and continue its rapid growth.”
US Rep. Hal Rogers said Dajcor adds new momentum to economic revitalization efforts in Eastern Kentucky.“As we continue to rebuild and reimagine our economy in Eastern Kentucky, we welcome businesses, like Dajcor Aluminum, that are taking an innovative approach to retrofit the available buildings and land in our region to create jobs and expand operations,” Rep. Rogers said. “We have the best workforce in the country readily available to fill these new jobs, with highly skilled labor and an unmatched work ethic. Governor Bevin and I are honored to support Dajcor Aluminum’s expansion into Kentucky’s Appalachian region.”
Chuck Sexton, President & CEO of One East Kentucky, said this type of growth can provide immediate support to the region.
“Dajcor represents what our organization is focused on; building a diversified cluster of industry which will have the ability to perpetuate growth in the years to come,” Sexton said. “We are excited about what this project means for all of Eastern Kentucky and appreciate the responsiveness and hard work of our local, state and federal officials to make this possible.”