Grupo Antolin, one of the largest global manufacturers of interior components for the automotive industry, will locate two facilities in Louisville, creating 200 jobs through a more than $13.7 million investment.
Grupo Antolin, which employs nearly 350 people at its Hopkinsville plant, decided to expand its Kentucky operations based on recent and projected growth.
The company chose to lease two buildings on Westport Road in Louisville. In selecting location, company officials cited the need to ensure long-term success. The investment will cover facility upgrades and new equipment, along with start-up and lease costs. Grupo Antolin expects to start the project in November.
Grupo Antolin, founded in 1950 in Burgos, Spain, is a family-owned business that began as a mechanics garage and grew into a multinational company. It specializes in development, design and manufacturing of interior components for the auto industry, including doors, seats, lighting and instrument panels.
The company has strong international footprint with more than 160 facilities in 26 countries, employing more than 28,000 people. Grupo Antolin provides parts for more than 300 models and one out of every four vehicles manufactured worldwide.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $4 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, Grupo Antolin is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
You must be logged in to post a comment.