Cannon Automotive Solutions, Inc. Coming to Bowling Green
Governor Ernie Fletcher and Economic Development Cabinet officials recently announced the location of Cannon Automotive Solutions, Inc., in Bowling Green. The company, an affiliate of The Electromac Group, will locate its newest manufacturing operation on approximately 14 acres in the Kentucky Transpark. The $13.1 million investment is expected to create up to 100 new full-time Kentucky jobs during the first five years of operation, with an average hourly wage of $17.90.
"I’m pleased Cannon Automotive Solutions has chosen to make Kentucky its new home, and I commend the city of Bowling Green for its work in bringing this company to the commonwealth," said Governor Fletcher. "The company’s location in the Kentucky Transpark will provide significant new opportunities for the region’s workforce. We will continue to create an atmosphere where Cannon Automotive and other global companies can succeed."
Plans for the new facility include the manufacture of individual component stampings for frames to be installed in the 2009 next generation Ford F-150 pickup truck. Construction on the 59,500 square-foot facility is scheduled to be complete by October 2007.
"The Electromac Group is pleased with the choice of Bowling Green, Kentucky, as the site for its new state-of-the-art manufacturing facility. We believe that Bowling Green and Kentucky will provide the necessary base for our company to expand and develop into the future," said Ron Truant, vice president of The Electromac Group. "We extend a sincere thank you to the representatives of the great state of Kentucky, the Bowling Green Chamber and the Bowling Green Area Economic Development Authority for their assistance in helping us turn our vision into reality."
Established in 1955 in Windsor, Canada, The Electromac Group is a single source supplier for turnkey tooling and production of metal stampings to the automotive industry. The company employs approximately 250 people at its five existing facilities in Canada and Michigan.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Cannon Automotive Solutions, Inc. for tax benefits up to $1 million under the Kentucky Industrial Development Act (KIDA), an incentive program designed to attract and expand manufacturing operations in the state.
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