Nova Steel USA Inc to invest $70 in it's manufacturing plant at Kentucky, USA

Specifications:

Name:

Nova Steel USA Inc to invest $70 in it's manufacturing plant at Kentucky, USA

Location:

Kentucky

Company:

Nova Steel USA

Estimated Cost:

$70 million

Source:

areadevelopment.com

Introduction:

Nova Steel USA Inc., Canadian a steel processor, will invest $70 million to locate a tube manufacturing facility in Bowling Green, Kentucky. 

Features:

The project is expected to create 110 full-time jobs in the coming years.

The company purchased a 108,000-square-foot building in the Kentucky Transpark for their plant's new home. The project includes purchase and installation of equipment for precision rollforming, laser cutting, tube bending and fabrication, along with robotics and other technology.

The new location, Nova Steel's first in Kentucky, will represent an initial investment of over $20 million, creating 50 jobs. That portion is planned to open in summer 2021. According to state officials, two additional expansions planned within the next three-to-five years would grow the operation to 325,000 square feet, bringing the total investment to $70 million and total jobs to 110. The new state-of-the-art facility will allow the company to better support customers throughout the South and Central U.S.

"Our state's primary metals industry continues to thrive despite the challenging economic climate. This significant investment by Nova Steel promises to bring over 100 well-paying jobs for Kentucky families in and around Bowling Green," Governor Andy Beshear said.