FRANKFORT, Ky. –Bekaert Corporation in Shelbyville which manufactures drawn steel wire products, will create 10 new jobs as a result of the expansion and invest more than $2 million in the Commonwealth.
Located in Shelby County since 1990, Bekaert plans to add a hot-dip galvanizing line to its 260,000 square-foot plant. The process provides corrosion protection for wire used in exposed environments. Currently, the Shelbyville plant employs 101 full-time Kentuckians. Kendall Hall is Plant Manager of Bekaert Corporation in Shelbyville.
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Bekaert’s wire products are used in a variety of applications such as staples, paper clips, nails, spiral notebook wire, concrete and automotive uses. In fact, one in every four tires in the world runs on Bekaert steel cord. The company employs 23,000 people worldwide and serves customers in 120 countries.
The Kentucky Economic Development Finance Authority preliminarily approved Bekaert Corporation for tax incentives up to $200,000 through the Kentucky Business Investment program. The incentive can be earned over a five-year period through corporate income tax credits and wage assessments. The maximum annual approved amount to be earned by Bekaert is $40,000.
The Bluegrass State Skills Corporation (BSSC), the workforce training arm of the Cabinet for Economic Development, also approved a grant-in-aid package for Bekaert to provide skills training for its new and existing employees.
Visit Bekaert Corporation for more information
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