South Korea-Based INFAC North America Expands Campbellsville, Kentucky, Operations
06/08/2023
The investment will include an additional 125,000-square-feet of space for increased manufacturing capabilities.
“Since the opening of INFAC North America in Campbellsville, Kentucky, we’ve always been very happy with the excellent workforce and supportive local and state organizations,” said INFAC Chairman Ohe Gil Choi. “When the time came for the next investment and expansion to prepare for INFAC North America, there were many options to consider, but it was an easy decision for us to invest in Campbellsville because we already knew how easy it would be to work with the local government, both at the state and county level, and how good the teamwork would be with the diligent, hardworking people of Taylor County.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can tax incentives based on the company’s investment and annual job and wage targets. By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
“Our economy is only as strong as the companies that continue to invest and believe in what Kentucky has to offer,” noted Governor Andy Beshear. “INFAC North America has been a key contributor to the commonwealth’s manufacturing sector for 15 years and will now play a role in supporting our rapidly growing EV industry. I want to thank company leadership for their continued presence and investment in Taylor County and look forward to their success in Campbellsville for many years to come.”
In addition, INFAC North America can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
Established in South Korea in 1969, INFAC specializes in the manufacture of automotive components such as control cables, solenoids, antennas, actuators and horns. Recently, the company expanded into the field of eco-friendly technology, adding EV battery and electrification-control systems to its list of products.
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