US: Kemmerich to start $12.2m Kentucky operation
Automotive metal processor, Kemmerich USA, is to establish a manufacturing operation and its American headquarters in Calloway County, Kentucky, creating 120 new, full-time jobs in a US$12.2m investment.
"We chose Murray after a lengthy search throughout the US," said Kemmerich CEO, Thomas Bergen. "Three key factors were important to us: cost of production, workforce and logistics. We see Murray offers lower costs of production, a highly flexible and qualified workforce and a favourable location.
To encourage investment and job creation in Murray, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives of up to US$3m through the Kentucky Business Investment programme.
The performance-based incentive allows a company to keep a portion of its investment during the term of the agreement through corporate income tax credits and wage assessments, by meeting job and investment targets.
This QUBE report from just-auto report provides a comprehensive overview of the global material trends sector, major suppliers, top markets, technology trends and market size forecasts. Use this repor...
New to just-auto this quarter, this report has been extracted from QUBE and provides a comprehensive overview of the vehicle lightweighting megatrend, the technologies, materials and suppliers involve...
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
Jiangling Motors, the light truck and SUV maker in which Ford has a 30% holding, posted net profits for the first half of the year of CNY937m (US$152.6m) up 11.4% on the same period last year....
The municipal authority for the city of Detroit has filed for bankruptcy and protection from creditors under US law. The city faces mounting debts estimated at over USD18bn and has been in long-term f...
- ANALYSIS: Will the XE work for Jaguar?
- COMMENT: GM's new Camaro to join a surging segment
- ANALYSIS: Autonomous cars and interior design
- COMMENT: UK vote sets cat among Brussels pigeons
- Williams CEO eyes consultancy business expansion
- ZF completes TRW buy to create EUR30bn supplier
- INDIA: Tata learns from mistakes with GenX Nano
- Ford UK stresses importance of low interest rates
- Takata recall widens to 33.8m vehicles in US
- Nissan's Ghosn relaxed on R-N Alliance structure