Ford supplier opens Shepherdsville plant

http://www.bizjournals.com/louisville/news/2012/01/24/ford-supplier-opens-shepherdsville-plant.html

Government and company officials were on hand Tuesday for the grand opening of Magna Seating of America Inc.’s new plant in Bullitt County.

The 140,000-square-foot, nearly $20 million plant is at 165 Omicron Court in Shepherdsville, in the Cedar Grove Business Park.

The plant is expected to create as many as 450 jobs within a few years and will make seats and seating components for Ford Motor Co.    ’s (NYSE: F) Louisville Assembly Plant, which has been undergoing a $600 million retooling to build the next-generation Escape.

As Business First reported, Magna Seating received preliminary approval last year for about $8.5 million in state tax incentives.

Government leaders who attended Tuesday’s grand opening included Kentucky Gov. Steve Beshear, Bullitt County Judge-Executive Melanie Roberts and Shepherdsville Mayor Raymond Ellis.

“Magna Seating’s decision to locate its facility in Bullitt County is a testament to the highly skilled, highly trained work force Kentucky can offer to the automotive industry,” state Rep. Dwight Butler, R-Harned, said in a news release. “It also reflects the comeback in the American automotive industry as Magna Seating’s decision to locate here was because of expansion of Ford’s Louisville production facility. I am hopeful this is the start of more automotive component manufacturers locating in Bullitt County.”

At full employment, Magna Seating is expected to have an economic impact of about $90.6 million on the state’s gross domestic product and to spur 742 additional indirect and induced jobs in the state, according to the governor’s office.

Magna Seating is a Troy, Mich.-based subsidiary of Canadian auto parts giant Magna International Inc. (NYSE: MGA).

Oxmoor Ford Lincoln Louisville Kentucky, Oxmoor Auto Group Louisville Kentucky, http://www.oxmoorflm.com, http://www.oxmoorford.net.com, http://www.oxmoorlincoln.com, http://www.oxmoorautogroup.com

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