Governor Ernie Fletcher participates in ribbon cutting for Daicel Safety Technologies of America
Friday, October 28, 2005
FRANKFORT, Ky. – Ohio County was the focal point of economic development growth today as Governor Ernie Fletcher participated in the grand opening ceremony for Daicel Safety Technologies of America (DSTA), commemorating the company's new location in the Bluegrass Crossings Business Centre. The project is expected to create more than 100 new jobs.
"I thank Daicel Safety Technologies of America for their continued confidence in our great state and look forward to working with them on future economic development opportunities," Governor Fletcher said today in Ohio County.
Daicel Safety Technologies of America's new facility will produce gas generant for automotive airbag inflators manufactured by Daicel Safety Systems America, which is also located in Beaver Dam. Daicel Safety Technologies of America currently has 20 employees, with projected employment expected to reach 112 by the end of 2008. The company's capital investment will be $15 million for one 45,000 square foot building and equipment.
"We are very excited about starting another operation here in Ohio County," said Yasunori Norris Iwai, President of DSSA and DSTA. "We are thankful to the State of Kentucky and Daviess, Hancock, McLean, Muhlenberg, and Ohio counties for their support and cooperation in bringing this project to life."
Additionally, Governor Fletcher and company officials from Daicel Safety Systems America acknowledged the ongoing expansion of its existing facility that will result in a total of 350 jobs by 2007.
"Our automotive airbag inflator business continues to grow and from this growth, we will be adding more manufacturing equipment to our facility and new team members over the next few years," said Norris Iwai.
Daicel Safety Systems America, a Japanese automotive manufacturer of inflators for automotive airbags, originally announced its plans to build a 65,000 square foot facility in the Bluegrass Crossings Business Centre in February 2001. Its current expansion plan consists of the addition of 35,000 square feet to the existing facility and represents a $39 million investment in the commonwealth. The company currently employs 189 people.
"On behalf of Ohio County, I extend congratulations and best wishes to Daicel Safety Technologies America Inc. on the grand opening of its new facility in the Bluegrass Crossings Business Centre," said Ohio County Judge-Executive Wayne Hunsaker. "I am delighted to see that Daicel is embraced by so many companies necessitating this rapid development. Ohio County and our neighbors will continue to greatly benefit from this regional effort. Daicel is a tremendous asset to our business community."
"The City of Beaver Dam extends our continued support to Daicel Safety Systems America and to the grand opening of Daicel Safety Technologies of America," added Beaver Dam Mayor Mary Pate. "Beaver Dam recognizes its commitment to our community and the number of employment opportunities that will be available to our residents. Bluegrass Crossings Industrial Park has an impact not only in our area but surrounding counties as well. We continue to support this Industrial Park and other companies that locate there."
Daicel Safety Technologies of America, a subsidiary of Daicel USA, Inc., represents the 143rd Japanese facility to locate operations in Kentucky bringing employment by Japanese companies to nearly 36,000 in the state.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Daicel Safety Technologies of America for up to $3 million in tax benefits and gave final approval to Daicel Safety Systems America for tax benefits up to $9.03 million under the Kentucky Rural Economic Development Act (KREDA), an incentive program designed to increase manufacturing employment in the commonwealth.