Nucor to Double Gallatin County Steel Mill’s Capacity with $650 Million Expansion

FRANKFORT, Ky. (Sept. 7, 2018) – Gov. Matt Bevin today congratulated Nucor Corp. on its plans for a $650 million, 70-job expansion at its mill near Ghent, Nucor Steel Gallatin, and thanked the company for its ongoing commitment to the commonwealth.

“Nucor is doing incredible things at its Kentucky steel mill. We are excited that, after a substantial investment in 2017, the company has decided to move forward with its phase II project and create additional job opportunities for the county and surrounding communities,” Gov. Bevin said. “The steel and primary metals industry are a driving force behind the commonwealth’s surging economy, and this announcement reflects the distinct advantages we have to offer engineering and manufacturing companies. Nucor is certainly a major player in this industry, and we are grateful for their commitment to continue forging success right here in Kentucky.”

This second phase will increase the mill’s annual capacity from 1.6 million tons of coiled sheet steel to approximately 3 million tons. As well, it will allow the mill to produce coils up to 73 inches wide.

In May 2017, Nucor announced its phase I project; construction of a new building and installation of galvanizing and pickling lines. That phase, expected to open in the first half of 2019, represents a $176 million investment creating 75 full-time jobs. The two phases position the mill to produce substantially more, wider and value-added products, suitable for a broader range of manufacturers and products.

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Kroger to add 250 Jobs at Distribution Facility in Boone County

FRANKFORT, Ky. (July 9, 2018) – Only nine months after opening, a Kroger distribution center in Florence will add 250 full-time associates, majority full-time roles, as the company invests nearly $18 million at the facility to support its ecommerce and digital services, Gov. Matt Bevin announced today.

“It was less than a year ago that Kroger opened its distribution center in Boone County, and it is clear from this additional investment that the company recognizes Northern Kentucky as the best possible location for further success and growth,” Gov. Bevin said. “Distribution and logistics is a thriving industry in the commonwealth, and this announcement is just the latest confirmation of that fact. We greatly appreciate Kroger’s confidence in the Northern Kentucky region and its ongoing commitment to investing and growing in our state.”

Kroger will purchase new equipment and upgrade technology at its 674,000-square-foot facility on Mount Zion Rd., which opened in October 2017 as a replenishment center to service the company’s direct-to-store distribution centers across the eastern half of the US. The new project will further support the company’s growing ecommerce and digital offerings. The facility currently employs approximately 80 associates.

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Drones used to map industrial park for potential businesses

MAGOFFIN – On Monday an energy cooperative group made strides toward putting Magoffin’s industrial park on the map for economic development.

Kerry Howard with Licking Valley RECC, which is a member of Kentucky’s Touchstone Energy Cooperative (KTEC), explained that the work they were doing on Monday is the furthest stride made in economic development for Magoffin County.

KTEC has contracted Qk4 to use drones to fly over industrial sites and collect video, digitized mapping and other data, which can be uploaded online and used to promote the industrial sites to businesses.

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Powell Valley Millwork Announces $3.35 Million Investment in Eastern Kentucky

FRANKFORT, Ky. (May 14, 2018) – Powell Valley Millwork (PVM), a poplar mouldings manufacturer, will invest $3.35 million and create additional employment opportunities at its Powell County facility, Gov. Matt Bevin announced today.

“Our administration has been working tirelessly to help bring jobs to Eastern Kentucky, and we continue to see progress in that area, this time with a company that has deep roots in the region,” Gov. Bevin said. “Powell Valley Millwork was founded by Eastern Kentucky natives, and it serves as a shining example of the abundant workforce potential waiting to be unleashed in that part of our state. We are grateful to the company for its continued dedication to the Powell County community and to Kentucky, and we hope to see continued, steady growth in the years ahead.”

PVM will grow its operation on Lofty Heights Road in Clay City by 26,000 square feet as the company adds new product lines and is seeing more demand from new and established customers. PVM purchased the 35-employee facility four years ago and has since added more than 65 team members across two shifts. The expansion project began in April and should be finished by late 2018.

“We are excited about our new expansion and look forward to completion later this year,” said Jimmy Thornberry, PVM president. “The professionals at KEDFA, elected leaders in Frankfort and our local officials have been instrumental in facilitating a recipe for business success in the commonwealth. We are fortunate to call Powell County home and are eager to continue our growth in the region.”

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Takigawa Breaks Ground in Bardstown on First U.S. Factory

BARDSTOWN, Ky. (April 20, 2018) – Gov. Matt Bevin joined company and Nelson County officials Friday as Takigawa Corp. America broke ground on its $46 million flexible packaging and high-performance films plant expected to create 180 jobs.

“Today represents an exciting moment for Takigawa, Nelson County and the commonwealth, as we continue to solidify our position as a prime location for investment in the food and beverage industry,” Gov. Bevin said. “This is another significant indication of our rapid progress toward creating the most favorable business climate in the country. We are grateful to Takigawa for their decision to locate in Kentucky and we know they will be a great asset to this wonderful community for many years to come.”

Takigawa announced in December it would build a 148,000-square-foot facility on an 18-acre greenfield site in Bardstown to keep pace with growing demand from its customers. Construction is expected to be complete in March 2019 with the plant opening in April 2019. The company’s first US operation will primarily provide packaging for national and international product brands.

A June meeting at the SelectUSA Investment Summit in Washington D.C. between Kentucky Cabinet for Economic Development Secretary Terry Gill, Executive Officer Vivek Sarin and led to conversations about Kentucky’s suitability as a site for an American facility. Gill and Sarin followed up during a visit with company executives during a December trade mission to Japan.

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Independent Stave to Build New $66.5 Million Cooperage in Morehead

FRANKFORT, Ky. (April 5, 2018) – Gov. Matt Bevin today announced barrel manufacturer Independent Stave Co. will create 220 jobs for Kentuckians with a new $66.5 million cooperage in Morehead.

“Independent Stave is a strong corporate partner to Kentucky with multiple locations across the commonwealth. This new investment, which will create 220 jobs in Eastern Kentucky, is the latest sign that ISC has truly made itself at home in our state,” Gov. Bevin said. “The bourbon industry plays a significant role in our economy, and that extends to cooperages and other sectors. We are grateful to the company for its continued commitment to Kentucky and are excited about its prospects for continued growth in the future.”

ISC plans to buy land in Rowan County for its cooperage and purchase new machinery and equipment to outfit the barrel-making plant. Strong demand in the bourbon and whiskey industry prompted the new project. Building in Morehead will create production flexibility and logistical advantages. ISC opened a stave mill in Morehead in September 2015, which will supply the new cooperage. Company leaders plan to start the cooperage’s construction in early 2019 and open by July 2021.

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