BOWLING GREEN, KY (11/27/12) – The Bowling Green Area Chamber of Commerce and local officials today helped KIRIU USA celebrate the completion of the company's latest expansion project, which totaled $10 million in capital investment and 10 to 15 new jobs.
Headquartered in Bowling Green, KIRIU manufactures automotive brake discs and drums, and it is a subsidiary of KIRIU Corporation, the second largest automotive brake rotor producer in Japan. KIRIU USA supplies approximately 3.6 million rotors to the major automakers, such as: Nissan, Subaru, General Motors and Honda. It currently delivers nearly 100 percent of Nissan and 90 percent of Subaru demand in the United States.
"We are excited to celebrate the completion of the expansion here at our facility," said Mark Kimura, president and CEO of KIRIU USA Corporation. "Bowling Green and South Central Kentucky have been great supporters of KIRIU, and we're proud to continue to invest here by expanding our operations and creating more jobs."
The City of Bowling Green, the County of Warren, local legislators and the Bowling Green Area Chamber of Commerce assisted KIRIU in the approval of its economic development project, demonstrating the entities' commitment to the company's growth.
Senator Mike Wilson said, "It's an honor to know that KIRIU has made another investment in our community. I congratulate them on their project."
"KIRIU is an example of the strong automotive companies that we have here in South Central Kentucky," said Rep. Jim DeCesare, of Bowling Green. "I thank the company for expanding here and for continuing to employ our residents."
"We wish KIRIU well on its continued growth and congratulate the company on its newest investment project. We are thankful for its commitment to employing citizens here in Bowling Green and South Central Kentucky," said Bowling Green Mayor Bruce Wilkerson.
"It is gratifying to know that Kiriu made such a significant additional investment in Bowling Green, based on their experience with their existing employees. We appreciate this demonstration of their continued commitment to the people of South Central Kentucky," said Warren County Judge Executive Michael Buchanon.
KIRIU received a Business Expansion Award from the Bowling Green Area Chamber of Commerce at the 2012 Business & Industry Appreciation Banquet.
Chamber Board of Directors Chairman D. Gaines Penn said, "We congratulate KIRIU on its grand re-opening today and look forward to continuing our strong relationship with this great corporate citizen. Also, we thank our local and state officials for their full support of this project."
When hiring is complete, KIRIU's project will create an additional two indirect jobs in the community. These are jobs that are created based on the demand of the expanded workforce and the investment created by the company's direct expansion. Over a 10-year period, KIRIU's expansion will have a total economic impact of more than $1.75 million. The project will have generated an additional $112,000 in local tax revenue and an additional $400,000 in household spending.
KIRIU's expansion is part of the Chamber's eight economic development project announcements in 2012, contributing to a grand total announced investment of nearly $33 million and 267 announced new jobs.
Information provided by the Bowling Green Chamber of Commerce
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