A big economic boost for the Murray area Friday as Governor Steve Beshear joined company and local officials to announce iwis, a German automotive supplier, plans to establish its first U.S. manufacturing operation in Murray. The project will create 75 new, full-time jobs and involved more than 12.5-million dollars in investment.
The Governor met with officials from iwis to discuss the potential project during an economic development trip to Germany during the summer. Formed in Germany in 1916, iwis, a family owned company, first began with success in the production of bicycle chains, and eventually became the iwis Group, a global technology leader in high-quality automotive and industrial chains.
The company now has more than 1,000 employees at 22 facilities worldwide and plans to operate a 119,000 square foot facility, located off U.S. Highway 641 North in Murray. Employees at the facility will manufacture timing drive systems for engines, and the operation will start at the end of 2013 and will ramp up production in 2014.
The Governor met with officials from iwis to discuss the potential project during an economic development trip to Germany during the summer. Formed in Germany in 1916, iwis, a family owned company, first began with success in the production of bicycle chains, and eventually became the iwis Group, a global technology leader in high-quality automotive and industrial chains.
The company now has more than 1,000 employees at 22 facilities worldwide and plans to operate a 119,000 square foot facility, located off U.S. Highway 641 North in Murray. Employees at the facility will manufacture timing drive systems for engines, and the operation will start at the end of 2013 and will ramp up production in 2014.
WebReadyTM Powered by WireReady® NSI
E-Mail
Print
