Manchester Tank and Equipment Expands Manufacturing at Campbellsville, Kentucky, Plant
Manchester Tank will acquire and retrofit an existing 238,000-square-foot building on 120 acres in Campbellsville to expand operations and for production and supply of components to the company’s existing facilities. The company’s components division includes steel coil processing, steel blanking, deep drawing presses, plasma cutting and bar-feeding machining centers.
“This new facility in Campbellsville will contribute significantly to the continued growth and success of Manchester Tank,” said Ruffner Page, CEO & President of McWane, Inc. “We want to thank Governor Bevin, officials with the Kentucky Cabinet for Economic Development and local officials in Campbellsville and Taylor County for their help and support with this project.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April preliminarily approved McWane for tax incentives up to $2 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, McWane can receive resources from the Kentucky Skills Network.
“Manchester Tank & Equipment Co. will be a significant addition to the Taylor County community, and we welcome them to the commonwealth,” Governor Matt Bevin said. “The 175 jobs associated with this project will provide exciting opportunities for central Kentucky’s workforce and overall economy. Manchester’s steady growth from a small operation to an industry leader has been remarkable, and we look forward to seeing them reach even greater heights here in Kentucky, America’s hub for engineering and manufacturing excellence.”
Ron McMahan, Executive Director and CEO of Team Taylor County Economic Development Authority, said, “We are honored that Manchester Tank has chosen to locate their new manufacturing facility in our community,” McMahan said. “Their capital investment and job creation will have a tremendous economic impact on our local economy.”
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