FRANKFORT, Ky. – With an agreement in place to benefit two Western Kentucky manufacturers and communities, Gov. Matt Bevin today announced A. Kayser Automotive Systems USA plans to hire 100 additional employees as it expands into a facility next door to its current plant in Fulton.
Making the $26 million expansion possible, the building’s current tenant, MVP Group International, will move its 69 current jobs to its nearby plant in Mayfield, where it will and consolidate its manufacturing of scented candles.
“Our administration is dedicated to establishing pro-business policies at every level,” said Gov. Bevin. “We are excited for both Kayser Automotive and MVP Group as they move forward with this significant expansion. We anticipate more companies will follow in their footsteps as we work with national, regional, county and community level partners to pave the way for every business in Kentucky to prosper.”
The 60,000 square-foot building will allow Kayser to increase manufacturing and warehousing space for a variety of mechanical and passenger-cabin automotive parts. The facility could open this spring.
“Expanding our current facility in Fulton, Ky. is the best solution for Kayser Automotive Systems, Fulton County, the surrounding communities, as well as the State of Kentucky. Due to fast increasing business, we outgrew our current facility and needed space to meet our customer’s demands. Expanding in Fulton not only enables us to be efficient using existing infrastructure but also capitalizing on one of our most treasured assets, our dedicated employees,” said Kayser Automotive Systems CEO Stefan Schutte.
Kayser Automotive Systems GmbH, a German family owned business for over half a century, announced plans in 2013 to build the Fulton plant, its first U.S. facility to serve automakers and tier-one suppliers in the U.S.
The Fulton facility employs about 60 people in manufacturing and assembling plastic injection-molded and metal parts. Products include fuel tank components, engine and under-hood parts, such as activated charcoal canisters, valves, lines, filters and vent ducting, as well vehicle interior components. Kayser Fulton specializes in development and production from 3D simulation to detailed manufacturing to comprehensive testing, all using the latest technologies.
To encourage investment and job growth in the region, the Kentucky Economic Development Finance Authority (KEDFA) in July 2013 preliminarily approved Kayser for tax incentives up to $3 million through the Kentucky Business Investment program. and up to $40,000 in tax incentives through the Kentucky Enterprise Initiative Act. It is anticipated the company’s incentive agreement will be modified at the time of final approval to reflect the additional investment and job growth.
Both MVP Group and Kayser can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal 2016, the Kentucky Skills Network provided training for nearly 95,000 Kentuckians and 5,000 companies from a variety of industry sectors.