Creform Corp To Establish Manufacturing Plant In Georgetown, Kentucky
The company will build a 35,000-square-foot facility in the Lanes Run Business Park in Scott County to produce pipes and joints used to construct racking systems, as well as produce automated guided vehicles used for shuttling materials inside automotive factories. The company currently operates an administrative office in Georgetown.
Atsuhiko Yazaki, President/CEO of Creform Corp. said, “For over a quarter of a century, Creform Corporation has contributed to the U.S. economy as a U.S.-based company. As a result of our teamwork, we have received many generous reviews from so many customers, which has made us the company we are today,” Yazaki said. “This expansion into Kentucky would support more customers and help the local economy.”
“We sincerely appreciate the many Kentuckians who support and encourage Creform Corporation to take this new step forward,” he added. “We will continue to strive to be an engaged and productive member of the state’s corporate community. I love Kentucky!”
A subsidiary of Yazaki Kako Corp. based in Shizuoka, Japan, Creform designs, produces and sells pipe and joint components and systems for customizable racks and other factory-floor structures. Those structures help factories efficiently contain, organize and distribute parts at work stations and along assembly lines. It supplies those systems and its automated guided vehicles to automotive-industry customers.
As an incentive to encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in September 2015 preliminarily approved the company for tax incentives up to $250,000 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 Creform for up to $50,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). 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. Creform can also receive resources from the Kentucky Skills Network.
“Creform’s decision to locate their new production facility in Kentucky is a testament to the quality of our workforce and the desirability of our location,” said Governor Matt Bevin. “It is exciting to see a world-renowned company continue to invest in our community. This partnership will help strengthen Creform’s relationships with Toyota and automotive suppliers throughout the state. This is a natural fit, and I look forward to many years of continued growth.”
Creform leaders expect to open the new facility by December and plan to hire an electrical controls engineer, electrical technician and mechanical design engineer among other positions. Creform executives decided to locate in Georgetown thanks to growth in its robotics business, proximity to current and potential customers and Kentucky’s logistical advantages, According to the Kentucky Cabinet for Economic Development.
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