Lincoln Manufacturing Expands Its Stanford, Kentucky, Manufacturing Plant
Due to steady growth over the past several years and plans to create new products, LML expects to hire more workers to keep pace with demand. The new workers, who are already being hired, will allow the company to start a third shift at its facility in Lincoln County.
“Our latest expansion is a big move for Lincoln Manufacturing,” said Masato Sugimura, President/Owner of LML. “There will be some additions of equipment, but mainly we will be focused on the hiring and training qualified people. The proper training of our new hires is an absolute necessity in order to maintain the quality and service, which are main objectives to Lincoln Manufacturing and our customers. LML is very appreciative of the support that we always receive during our expansions. Our local government officials and economic development organizations in Stanford and Lincoln County have always supported LML in our efforts to grow our company and workforce.”
To encourage the investment and job growth in Stanford, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $225,000 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.
LML manufactures and stamps parts for the automotive industry and is a supplier to some of the world’s largest manufacturers. The company, which currently has more than 100 employees, began as a joint venture with Japan-based Toshin Company in 1995. In 2002, Lincoln separated from its Japanese parent company and is now solely owned by Sugimura.
“Lincoln Manufacturing’s expansion is another positive sign of economic growth in Lincoln County and another feather in the cap of Kentucky’s thriving automotive industry,” said Governor Steve Beshear. “I commend the workers, company officials and local leaders on their continued success.”
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