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.
Go deeper with GlobalData
“Our new plant will be strategically positioned to supply General Motors and Ford in the Midwest, as well as Mercedes, BMW and Volkswagen in the south.”
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
