Frankfort: A German company that makes car parts plans to establish a new operation in Russell County that could create 155 jobs, Gov. Steve Beshear’s office announced Thursday.
Dr. Schneider Automotive Systems Inc. told the state it would spend $29.4 million to set up the manufacturing operation. The state approved up to $4 million in tax incentives for the project in June, meaning that if the company invests what it says it will and hires enough people, it will get to keep $4 million it would otherwise pay in taxes.
Dr. Schneider makes vent and trim systems for vehicle manufacturers. The Russell Springs plant would supply companies such as Ford, GM, BMW and Mercedes.
The company checked on 69 locations before choosing Russell County based on the ease of expanding the facility, location costs and other factors, a Dr. Schneider director said in the news release.
Sign Up and Save
Get six months of free digital access to the Lexington Herald-Leader
Kentucky has grown to be a key location for domestic car and truck manufacturing. There are more than 450 vehicle-related facilities in the state, and so far in 2013, the state ranks third in the nation in light vehicle production, Beshear’s office said.