Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Japan-Based NASCO Plans $15 Million Expansion in Bowling Green, Kentucky

02/26/2015
A Japan-based auto supplier, NHK of America Suspension Components Inc. is planning a $15 million expansion in Bowling Green, Kentucky. NASCO will invest $15.2 million to construct a new building next to its existing facility on Nashville Road. The project will be completed in the next two years.

The facility will house a compact line for the manufacturing of automotive suspension coil springs. The company also plans to add other equipment for the processing of steel wire used in suspension coils. The new building, which will contain state-of-the-art manufacturing equipment, will allow NASCO to increase its production by 20 percent. “NASCO continues to add capacity to meet the increased demand of our customers,” said Tom Nunn, NASCO’s Plant Manager. “This new line has a smaller footprint than our other five lines and provides us greater capability to meet our customers’ needs for new types of springs.”

A subsidiary of the NHK International Corporation, NASCO established in Bowling Green in 1986 and employs 280 people. NHK International, a company based in Japan, also has Kentucky operations in Bowling Green (Topura America Fastener), Louisville (NHK Spring Precision of America) and Franklin (New Mather Materials), employing a combined 1,000 workers.

To encourage the investment in Warren County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $100,000 through the Kentucky Enterprise Initiative Act. The program allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

“NASCO demonstrates why Kentucky’s reputation continues to grow as an ideal location for automotive manufacturers and suppliers,” Governor Steve Beshear said. “We’re thrilled to partner with the company and are excited about this significant expansion in Bowling Green.”

“It’s not the number of companies in a community that make a location for success, it is the quality of businesses that thrive there,” said Bowling Green Mayor Bruce Wilkerson. “NASCO exemplifies a company that has garnered not only the community’s respect, but the respect of leaders in the industry around the world. I couldn’t be prouder to say that NASCO is part of the Bowling Green community. I look forward to their leadership as we continue to grow our presence in the automotive industry.”

Exclusive Research