Ford supplier eyes $49M growth south of Louisville – Courier-Journal – The Courier-Journal
Ford Motor supplier Tower Automotive has unveiled plans to invest a combined $49.3 million and add 60 jobs at existing facilities in Shepherdsville and Bardstown after being awarded new business.
The larger infusion of $29.4 million will go to Tower’s Bardstown facilities, while its Shepherdsville operation will receive $19.9 million. The bulk of the investments will fund new equipment in both cities, where the operations include body stamping, frames and welded assemblies for passenger cars and sport utility vehicles.
Plans for the subsidiary of Livonia, Michigan-based Tower International Inc. received approval for a total of $1.1 million in job-related incentives Thursday morning from the Kentucky Economic Development Finance Authority at its meeting in Frankfort.
Currently, 513 full-time workers are employed at a Bardstown plant at 850 Withrow Court, and 78 people work at a smaller facility in the Cedar Grove Business Park near Interstate 65. The company opened there in 2014.
According to state documents, Tower intends to invest $28.6 million in equipment and $781,733 in start-up costs at Bardstown. Because of new business that involves stamping and welding subassemblies for SUVs and cars, the company needs to expand. At Cedar Grove, Tower manufactures aprons, rear floor and body assemblies for the Ford Escape, which are made at the Louisville Assembly Plant on Fern Valley Road. A large part of the work at Bardstown involves stamping for Toyota Camry, company spokesman Derek Fiebig said Thursday.
The company plans to add more than 100,000 square feet to its current 219,000 square feet of space, he said. The anticipated lease will cost $4 million, plus $1.7 million in building improvements, $13.6 million in equipment and $600,000 for start-up costs.
The company expects to add 35 jobs in Shepherdsville 25 more at Bardstown. Fiebeg said that hiring for the new jobs will begin in June. For more information on how to apply, check the website at https://towerinternational.com/careers/.
Reporter Grace Schneider can be reached at 502-582-4082 or firstname.lastname@example.org.
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