transcraftTRIGG COUNTY, KY (4/25/12) – Governor Steve Beshear today announced 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.
 
“I couldn’t be more pleased that the Commonwealth is partnering with Transcraft to make this investment possible and bring 80 jobs to Cadiz,” Gov. Beshear said. “Transcraft is a long-standing and well-respected corporate citizen, and this expansion is a milestone on the company’s long road of success here in Kentucky.”
 
Headquartered at International Drive in Cadiz, Transcraft is a 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 we expand 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 and expanding our team to position this business to capitalize on a bright future,” added Rick Klein, general manager, Transcraft Corp.
 
To encourage the investment and job growth in Cadiz, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2 million 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.
 
“We always rejoice when one of our vital industries expand their operations,” said Sen. Ken Winters, of Murray. “Eighty new jobs will certainly impact our local economy.”
 
“This is great news both for Transcraft and those of us who will benefit from this sizeable investment,” said Rep. John Tilley, of Hopkinsville. “I want to thank the company for taking this step because it will be a much-needed boost for our local economy, and I’m glad that the state could play a role in making this happen.”
 
“We are excited that Transcraft Corp. has made the decision to make a significant capital investment in their operation here in Cadiz,” said Cadiz Mayor Lyn Bailey. “We are proud that Transcraft Corp. continues to have the confidence to grow their business in the location where they both live and work. Currently Transcraft has created more than 300 quality jobs for our citizens, making them one of the area’s largest expanding industries. We look to many more years of our continued partnership.”
 
“Our community is blessed to have Transcraft’s presence here,” said Trigg County Judge-Executive Stan Humphries. “We welcome their growth and expansion and see this as a very strong statement in the midst of a tough economy. We are excited to share in this opportunity here in Cadiz-Trigg County.”
 
SurfKY News
Information provided by the office of Gov. Steve Beshear

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 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 on social media.

In Other News...

‘Remembering Those That Paid All’

MADISONVILLE, Ky. (05/25/15) – A Wreath Laying Ceremony took place on Monday, May 25th at the Veteran's Memorial Park… Read More

Church's Military Mission a Success

HOPKINS COUNTY, Ky. (5/26/15) — The Rev. Bill Adcock and members of Slaughters Christian Church have been on a mission… Read More

Most Read This Week

May 22, 2015 7478

Madisonville Man Charged with First-Degree Rape

by SurfKY News
May 23, 2015 7154

Missing 5-Year-Old Boy Found

by Doreen Dennis, SurfKY News
May 20, 2015 3590

Pennyrile Forest State Resort Park Holding Beach…

by Gil Lawson
May 21, 2015 3360

Police Charge Madisonville Man with Harassing…

by SurfKY News
May 25, 2015 3293

Can Sunscreen Save Your Life?

by Melissa Patrick

Most Read This Month

May 15, 2015 10768

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 15, 2015 7574

Investigation of Local Barber Shop Leads to Drug…

by SurfKY News

Stories Trending Now

May 25, 2015 3293

Can Sunscreen Save Your Life?

by Melissa Patrick
May 25, 2015 2220

Hopkins Man Injured in Muhlenberg Motorcycle…

by SurfKY News
May 25, 2015 1882

UPDATE - MPD Seeks Three in Residential Robbery

by SurfKY News
May 26, 2015 1876

Large Necklace on Rearview Mirror Lands Driver in…

by SurfKY News
May 26, 2015 1849

Mandarin House Gearing Up to Open Soon

by Gary Gates, SurfKY News
May 26, 2015 1619

Governor Announces Hopkins County as Kentucky…

by Doreen Dennis, SurfKY News
May 25, 2015 1227

Seniors Celebrate with Cook-out, Games, Fellowship

by Tammy Holloway, SurfKY News
May 25, 2015 1204

Damascus Road House Leads Young People to Christ

by Tammy Holloway, SurfKY News
May 26, 2015 1017

Veterans Honor Veterans

by Tammy Holloway, SurfKY News
May 26, 2015 1013

Two Central City People Jailed on Meth Charges

by SurfKY News