Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

Company Invests Over 12 Million Dollars in Hopkinsville Plant

 

plymouth300HOPKINSVILLE, KY (12/06/11) – Governor Steve Beshear today joined community leaders and officials from Plymouth Tube Company to announce the company will make a more than $12.1 million investment in its 130,000-square-foot Hopkinsville plant, allowing it to meet customer demand and retain its existing 93 employees.
 
Plymouth Tube Co. has indicated that without this investment and tax incentives, the facility would not be able to meet the expected demand, forcing the company to invest into one of its other facilities.
 
“By making this significant investment, Plymouth Tube will continue to have a big impact on the Hopkinsville community,” Gov. Beshear said. “Securing the ongoing operations of our Kentucky industries and our existing workforces has been an important focus of our economic development efforts. Through programs such as the Kentucky Reinvestment Act, we’re able to partner with Kentucky businesses to help keep them competitive and prosperous right here in the Commonwealth.”
 
Established in 1924, Plymouth opened its Hopkinsville facility in 1980. Today the company makes extruded stainless, titanium, nickel alloy, carbon and carbon alloy shapes for a variety of markets, including the aerospace, defense, energy and commercial industries. Plymouth is a preferred supplier to Boeing, the world’s largest aerospace company.
 
The significant investment is necessary in order for Plymouth to meet customer demand for a new product line that will increase production capacity of the titanium extrusion business for commercial aircraft. Plans include adding a third shift, additional floor space, and new precision machinery and equipment. Existing employees will also receive additional training.
 
“We are very happy that the Commonwealth of Kentucky is partnering with us in this exciting expansion of our business here in Hopkinsville,” said Donald C. Van Pelt, Jr., president and CEO, Plymouth Tube. “The Hopkinsville plant has been successful since its early days, due to the quality and drive of the people here and their ability to make challenging super critical components for aerospace and industrial customers.”
 
To encourage the investment in Hopkinsville, the Kentucky Economic Development Finance Authority preliminarily approved Plymouth Tube for tax incentives up to $1 million through the Kentucky Reinvestment Act (KRA). KRA is designed to assist companies that need to make significant capital investment in Kentucky facilities in order to remain competitive.
 
“I am honored to be a part of such an exciting announcement,” said Sen. Joey Pendleton, of Hopkinsville. “Plymouth Tube is a good corporate friend, and I am pleased with their decision to update and expand their facility. This investment by Plymouth Tube will not only retain 93 existing jobs but will offer new opportunities for additional positions when the new product line is complete. Plymouth Tube continues to enhance our position as a prime location for innovative businesses. Gov. Beshear shows his continued leadership in job creation by supporting this excellent industry. Thank you, Governor.”
 
“I’m certainly pleased to see Plymouth Tube take this step to put down deeper roots in our community,” said Rep. John Tilley, of Hopkinsville. “I’m also glad the state could play a role in helping to make this possible. In a way, this announcement is like an early Christmas present.”

“Plymouth Tube is a valued corporate citizen of Hopkinsville, and we congratulate them on their growth and expansion,” said Hopkinsville Mayor Dan Kemp. “We look forward to many more years of growth and prosperity with Plymouth.”
 
“Plymouth has been a member of our community for over 30 years,” said Christian County Judge-Executive Steve Tribble. “Their contribution to Christian County and our region does not go unnoticed. We appreciate the high-paying jobs they provide our citizens and economic impact they make on Christian County.”
 
For more information on Plymouth Tube, visit www.plymouth.com.
 
Information on Kentucky’s 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 at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
 
A detailed community profile for Hopkinsville (Christian County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=020

SurfKY News
Information provided by the office of Gov. Steve Beshear

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

button coupons
button classifieds

In Other News...

New Free Community Class to Help 'Plan to be Tobacco Free'

CALLOWAY COUNTY, Ky. (12/26/14) — “Plan to Be Tobacco Free,” a free educational program, will be held at 11 a.m.… Read More

The Greatest Gift - The Gift of Life

HOPKINS COUNTY, Ky. (12/26/14) — This time of year, most of us are busy buying gifts, making plans and celebrating with… Read More

Most Read This Week

December 24, 2014 11926

Christmas Eve Bloody Brawl Erupts on Dulin Street

in Local (Hopkins) Top News by Doreen Dennis
December 25, 2014 8032

Gift Returns Done Right

in General News For All Sites by SurfKY News
December 25, 2014 5071

Arrests Made After Dulin Avenue Christmas Eve…

in Local (Hopkins) Top News by Officer C.P. Haynie
December 19, 2014 3984

Vehicle Fire Causes Traffic Back-Up on Pennyrile

in Local (Hopkins) Top News by Doreen Dennis
December 23, 2014 3941

Couple's Alleged Dispute over Blanket Leads to…

in Local (Hopkins) Top News by Madisonville Police Department
December 25, 2014 3520

Crime Stoppers Top Most Wanted - December 25, 2014

in Video by Crime Stoppers
December 23, 2014 3423

Alleged Theft at Walmart Sends Two to Jail

in Local (Hopkins) Top News by Madisonville Police Department
December 22, 2014 3391

Madisonville Police Arrest Reports - Dec. 22, 2014

in Hopkins News by Madisonville Police Department
December 20, 2014 3219

KET’s Kentucky Life Segment to Feature Old…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
December 23, 2014 2997

Disturbance Results in Vehicle, Foot Pursuit,…

in Local (Hopkins) Top News by Officer Tyler Russell

Stories Trending Today

December 24, 2014 11926

Christmas Eve Bloody Brawl Erupts on Dulin Street

in Local (Hopkins) Top News by Doreen Dennis
December 25, 2014 8032

Gift Returns Done Right

in General News For All Sites by SurfKY News
December 25, 2014 5071

Arrests Made After Dulin Avenue Christmas Eve…

in Local (Hopkins) Top News by Officer C.P. Haynie
December 25, 2014 3520

Crime Stoppers Top Most Wanted - December 25, 2014

in Video by Crime Stoppers
December 26, 2014 1710

5-Year-Old Boy Kills Buck/Doe

in Local (Muhlenberg) Top News by Randy Adams
December 24, 2014 1247

Winter Superfoods for Optimal Health

in General News For All Sites by SurfKY News
December 24, 2014 1182

Jobless Rates down in 119 Counties in November…

in General News For All Sites by Kim Brannock
December 25, 2014 1153

How to Create Your Household Budget

in General News For All Sites by SurfKY News
December 26, 2014 1129

Grab the Best Buys This January

in General News For All Sites by SurfKY News
December 25, 2014 1043

SurfKY Spotlight: Hudson Service Center

in Video by Gary Gates, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss