A Kentucky stainless steel plant is spending $244 million to expand its facility in Carroll County, one in every of a number of financial growth tasks introduced by Gov. Andy Beshear this week.
North American Stainless will add house to its 4 million sq. foot plant and add 70 new jobs, Beshear mentioned at a Thursday information convention. The firm handles about half the stainless steel made in North American, in accordance to its CEO, Cristobal Fuentes.
Another firm, LioChem e-Materials, will renovate a constructing in Simpson County with a $104 million investment, the governor mentioned. The new plant will support electric vehicle battery production and create 141 jobs, in accordance to a information launch from the governor’s workplace.
The plant will produce a liquid dispersion of carbon nanotubes that improves the efficiency of lithium-ion batteries utilized in electrical autos.
The governor additionally introduced the enlargement of Carter Lumber Co. in Bowling Green. The $8 million investment will add 86 jobs.