Transcraft to Expand in Cadiz, Add 80 Jobs
4/25/2012 9:39:00 AM
FRANKFORT, Ky. â Transcraft Corp., a platform trailer manufacturer, will add 80 jobs, build a new 12,000-square-foot painting facility and purchase new equipment as part of a nearly $3 million investment in Cadiz.
Headquartered at International Drive in Cadiz, Transcraft isa wholly-owned subsidiary of Wabash National® Corp. and is one of the leading manufacturers of platform trailers in North America. Established in 1962, Transcraft offers a wide range of flatbed, drop deck and truck bodies to meet the needs of the commercial vehicle and construction industries.
"Transcraft is an integral part of the Wabash National family," said Dick Giromini, president and CEO, Wabash National Corp.. "With leading brands and expertise in designing, producing and distributing platform trailers, both Transcraft and Benson have a loyal following. We appreciate the support from the Commonwealth of Kentucky, the leadership of Trigg County and the commitment from the fine folks in Cadiz as weexpand to meet evolving customer needs."
"Transcraft is excited to announce the next step of our dynamic growth in Cadiz. Even with a state-of-the-art manufacturing facility and a dedicated workforce ready to meet current demand, it is necessary to increase capacity by adding new equipment andexpanding our team to position this business to capitalize on a bright future," added Rick Klein, general manager, Transcraft Corp.
To encouragethe investment and job growth in Cadiz, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
For more information on Transcraft, visit www.transcraft.com.
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