Gov. Steve Beshear today joined company and local officials to celebrate the opening of a German automotive supplier in Murray.
The company, iwis (pronounced ee-vis and written in lowercase), will create 75 new, full-time jobs and invest more than $12.5 million in the Commonwealth.
“We are very excited to celebrate iwis and the opening of its first U.S. facility,” said Gov. Beshear. “The fact that world-class companies continue to choose Kentucky as the destination for their global operations speaks volumes for the pro-business climate and workforce quality we have to offer. There’s no doubt that iwis will do big things in Kentucky for years to come.”
The 119,000-square-foot facility, located off U.S. 641 North in Murray, will manufacture timing drive systems for engines. The start of production at the new iwis plant is planned for this summer.
The company is Kentucky’s most recent addition to an already dynamic and vibrant automotive industry, comprised of more than 460 motor-vehicle related establishments. Those facilities, which include Par 4 Plastics, Tyler Manufacturing Co. and Harminie Enterprises in Marion, employ 85,000 people across the state.
The location of iwis also adds to Kentucky’s success in attracting foreign direct investment. Kentucky is home to more than 430 internationally based companies, including Siemens in Marion.