High-tech automotive supplier invests $60 million to establish, equip its first tailored rolled blank facility
FLORENCE, Ky. Governor Steve Beshear today joined Mubea shareholders, executives, employees and northern Kentucky officials to cut the ribbon on the automotive suppliers new, state-of-the-art tailored rolled blank advanced manufacturing facility in Boone County. The $60 million investment will spur the creation of approximately 150 new jobs.
Mubea uses new lightweight technologies with innovative technical processing methods to create high-performing automotive parts, which are used in the production of lighter vehicles. Mubeas North America operations occupy 800,000 square feet in eight locations, with one in Elsmere and the rest in unincorporated Boone County.
Our focus is on providing the highest quality, lightest weight, best performing components to our customers automotive manufacturers, said Doug Cain, CEO of Mubea North America. The new Mubea tailored rolled blank facility is the only one of its kind in North America. The innovative technology weve brought to northern Kentucky is a key factor in our continuing successful growth.
Mubeas new 75,000-square-foot facility in unincorporated Boone County is located in the Northern Kentucky Industrial Park (NKIP), home to more than 200 companies. Mubea is one of the largest automotive suppliers in NKIP, which is also home to Mazak, Sweco and many other international advanced manufacturers.
For more information on Mubea, visit http://mubea.com.
Information on Kentuckys economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinets This is My Kentucky video on YouTube.
For more information about northern Kentucky, visit NorthernKentuckyUSA.com.