FRANKFORT, Ky. (Feb. 23, 2016) – With a ribbon cut today on its new U.S. headquarters in Graves County, America SednAir Compressor System Inc. officially adds manufacturer to its lengthy list of attributes.
The company, which imports, exports, maintains, repairs and retails parts for industrial air compressors systems, operated for 10 years from a warehouse. Its new $1 million facility in Mayfield spans 10,600 square-feet, giving America SednAir space to hire 11 new employees and begin production of air coolers – essentially heat exchanges – that chill compressed air for large-scale compressors.
“America SednAir built a successful business in western Kentucky over the past decade and grew its customer base worldwide," said Governor Matt Bevin. "Now – with a highly respected name in its industry – America SednAir’s move into manufacturing further reinforces Kentucky’s stature as a place recognized around the world for top-quality products. I am proud of all those involved in this homegrown success story and excited to assist America SednAir in their future growth."
The new facility – which includes office space, manufacturing, shipping-and-receiving areas – puts the company closer to both customers and parts suppliers.
“America SednAir looks forward to operating from our new facility and the advantages that will bring. As a supplier to many local compressor companies, Graves County provides a strategic location advantage for our company,” said General Manager Shane Jennings. “We very much appreciate the state, county government and other agencies that provided assistance during our relocation.”
In 2006, America SednAir was established in Paducah. From its warehouse, the company built its business primarily importing air coolers from its sister plants internationally and selling them in North America. It also retails locally sourced compressor parts worldwide.
Paper mills, power plants, petroleum facilities and industrial manufacturers from automotive and aerospace parts suppliers to office furniture makers use high-volume compressor systems to run pneumatic machinery and operate other equipment.
“We are beyond pleased to welcome this SednAir facility to Mayfield,” said Sen. Humphries, of Cadiz. “The $1 million investment and the 11 new jobs created will be a great boost for the local economy. We appreciate all those who dedicated their time and efforts to bring this significant project to Mayfield.”
“The substantial investment by SednAir into the new Graves County facility is testament to the strong business environment we have fostered,” said Rep. Richard Heath, of Mayfield. “The new facility is projected to add 11 new jobs and to receive $150,000 in tax incentives to ensure future stability. I commend SednAir for their recognition of our strong workforce and pro-business environment, and will continue to work for similar growth for our region.”
“It’s great to drive past that building and see new life there,” said Mayfield Mayor Teresa Cantrell. “It’s just another link in our fast growing chain of compressor-related businesses. I believe the growing compressor businesses in Mayfield-Graves County certainly proves that you can make lemons into lemonade – welcome, America SednAir!”
“I am so proud that America SednAir Compressor has chosen to locate in Graves County. This is our next step in seeing Graves County grow and prosper,” said Graves County Judge-Executive Jesse Perry. “We have already seen an impact of centrifugal compressor industries influence employment in Graves County. We look forward to SednAir joining the continued growth and building strong ties in the community.”
“Graves County has been the worldwide hub for centrifugal air compressors for several decades. It is great to see this industry continue to grow in our community,” said Ryan Drane, president of Graves County Economic Development. “We welcome America SednAir to Graves County and will continue to work with them to ensure their success."
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in June 2013 preliminarily approved the company for tax incentives up to $150,000 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.
In addition, America SednAir 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.
For more information on America SednAir, visit www.americasednair.com.
A detailed community profile for Graves County can be viewed here.
The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2015 totaled a state record $5.1 billion, spurring more than 16,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.