Gibbs Die Casting Expands Henderson, Kentucky, Manufacturing Complex
10/19/2016
The company will invest in new equipment and building modifications in Henderson to capitalize on new market opportunities and advanced lean-manufacturing methods. The company supplies aluminum die-cast-and-machined and assembled components for the automotive and some non-automotive customers. The Henderson campus currently operates two die casting plants and a machining plant. The expansion will re-open an additional die cast plant and an additional machining facility.
“Gibbs Die Casting is extremely excited with our upcoming casting and precision machining expansion projects in Henderson,” said Steve A. Church, President/CEO of Gibbs. “The facility and production equipment investments will allow Gibbs to advance our technology and secure our future as one of Henderson’s largest employers. We are grateful to the state of Kentucky for the approval of incentives under the Kentucky Business Investment Program and to Kyndle for their continued local support.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminarily approved the company for tax incentives up to $800,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, KEDFA approved Gibbs Die Casting for up to $35,000 in tax incentives through the Kentucky Enterprise Initiative Act. KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. In addition, Gibbs Die Casting can receive resources from the Kentucky Skills Network.
Project Announcements
Delta Star Expands Lynchburg, Virginia, Manufacturing Operations
04/21/2025
Gillespie Precast Plans Asheboro, North Carolina, Manufacturing Operations
04/21/2025
Japan-Based TMEIC Corporation Americas Plans Waller County, Texas, Manufacturing Operations
04/21/2025
South Korea-Based Samkwang Plans Tuskegee, Alabama, Operations
04/21/2025
CRH Plans Roswell, Georgia, Operations
04/21/2025
GE Aerospace Expands Batesville, Mississippi, Manufacturing Operations
04/20/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025