Company’s third Kentucky project this year
FRANKFORT, Ky. (Dec. 11, 2014) – Governor Steve Beshear today announced Hendrickson USA LLC will increase capacity at its facility in Pulaski County.
Hendrickson, a manufacturer of heavy duty commercial trailer and truck suspension systems, is expected to create up to 80 new jobs and invest $2.8 million into the project.
“This is a welcomed investment,” said Gov. Beshear. “The fact that Hendrickson decided grow here yet again is a further testament to Kentucky’s highly skilled workforce and strong business climate. Hendrickson has been a tremendous corporate partner to the Commonwealth and I’m excited for this latest expansion.”
The company plans to install new equipment in its facility in the Pin Oak Industrial Park. The new equipment will increase capacity for manufacturing semi-trailer suspension systems and related components.
“Our team members in Kentucky have proven their dedication, loyalty and determination in contributing to the success of the company in this area,” said Perry Bahr, Hendrickson’s vice president and general manager. “Those efforts continue to help expand the Hendrickson business while maintaining our reputation in the commercial transportation industry as a global manufacturer and supplier of durable, dependable and quality suspension systems. This project would not have been possible without the support of the Commonwealth of Kentucky. We look forward to an ongoing partnership with local and state officials to help Hendrickson, as well as the community, to continue to grow and prosper.”
Hendrickson, a Boler company, is a leading global manufacturer and supplier of medium and heavy-duty suspension systems, axle systems, springs, and bumper and trim components. In addition to the Somerset location, which opened in 2007, the company has an existing operation in Lebanon and opened a new 100,000-square-foot facility in Elizabethtown earlier this year. Hendrickson also announced an expansion of the Lebanon operation in September. In total, the company employs a combined 500 Kentuckians.
Sen. Chris Girdler
Rep. Tommy Turner
To encourage the investment and job growth in Pulaski County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
For more information on Hendrickson USA LLC, visit www.hendrickson-intl.com.