(Marion, Kentucky) Safetran Systems Corporation, part of the Invensys Group, says it will invest up to $2.8 million to expand and upgrade its facility here and create 150 additional jobs in the process.
The company, which manufactures crossing components and systems for the railroad industry, plans to make the improvements to its 110,000 square-foot facility on Industrial Drive in Marion, according to an announcement from the office of Governor Steve Beshear.
The 24-acre site is a short distance from Safetran's corporate headquarters in Louisville.
Established in 1920, Safetran has five facilities. In addition to the two in Kentucky, Safetran has operations in California, New York and Florida. The company's products include electro-mechanical signal devices and the control systems that activate them; communications systems; and complete signal system design and construction.
The Kentucky Economic Development Finance Authority gave preliminarily approval for more than $2.2 million in tax incentives for the project as well as a $525,000 economic development bond to assist Safetran in the expansion.
For more information about the company visit http://www.safetran.com/
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