Springfield, Kentucky – Inoac Group North America is expanding its operations in Kentucky, backed by tax incentives from the state’s Economic Development Finance Authority. The Japan-headquartered company’s $13.7m investment at the Springfield site will create 49 jobs, on top of its existing 330 employees.
The cash will be spent on new equipment and technology, as well as building upgrades. The expansion is being made to meet demand from Ford’s truck plant in Louisville, Kentucky. It is expected to be up and running by late 2022.
The facility originally opened in 1990, and manufactures thermoset, thermoplastic, elastomeric and emerging material products, including polyurethanes. Its portfolio includes interior products for the automotive industry, particularly instrument panels, interior trim, armrests and headrests, NVH components and seat cushioning. As well as Ford, its customers include Honda and Toyota.
‘Inoac is excited to continue our strong relationship with Ford and the Kentucky Truck Plant with this significant investment,’ said Roger Dawes, president of Inoac Group North America. ‘This project will support our continued growth in this region, building on our longstanding relationship with Ford and the Springfield community.’