The Japanese-owned automotive supplier, Nifco America Corp., opened its expanded operations in Shelbyville, Kentucky. The firm invested more than $4.3 million to purchase new, state-of-the-art injection molding equipment and spent $3 million to add 73,000 square feet to its existing 115,000-square-foot facility, creating 100 new jobs.
Nifco added molding and assembly operations in Shelbyville in 2007. The company added 73,000 square feet of manufacturing space at its plant on Hudson Boulevard in Shelbyville. As part of the expansion about 100 employees are expected to be added to the Nifco workforce by the end of this year, bringing the total number to about 200 at the facility. The company’s key customer, Toyota Motor Corp., is experiencing growth and utilizing local suppliers to support its operations. The expansion will give Nifco additional manufacturing capacity for injection-molded plastics.
As an incentive to encourage the investment in Shelbyville, the Kentucky Economic Development Finance Authority preliminarily approved Nifco America Corp. for tax benefits up to $70,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
