Astemo Americas to invest $112M in Madison County EV expansion

🌎 Resumen en español · traducción automática

Astemo Americas invertirá 112 millones de dólares en la expansión de sus operaciones en el condado de Madison, lo que creará 114 nuevos empleos y fortalecerá la industria de vehículos eléctricos de Kentucky. Esta inversión inicial es la primera fase de un proyecto de varios años que podría alcanzar 379 millones de dólares en inversión total y crear hasta 282 empleos en las operaciones de Astemo en Kentucky. Si se completa la expansión como se prevé, representaría la inversión del sector privado más grande en el condado de Madison en los últimos 20 años.

Traducción y resumen generados por IA a partir del artículo en inglés. Puede contener errores; consulte el texto original.

Astemo Americas announced a $112 million expansion of its manufacturing operations in Madison County, creating 114 new jobs and significantly boosting Kentucky’s electric vehicle industry. The investment will increase production capacity of hybrid electric-vehicle motors at the company’s two facilities in Berea.

The expansion represents the first phase of a multi-year project that could ultimately reach $379 million in total investment and create as many as 282 jobs across Astemo’s Kentucky operations. State officials said if the full expansion is completed as envisioned, it would represent the largest private-sector investment in Madison County in the past 20 years.

The project will add nearly 300,000 square feet of production and warehouse space across Astemo’s Berea plants on Mayde Road, along with facility upgrades and new manufacturing equipment. The company’s Berea operations currently produce chassis and electric powertrain components, while its Harrodsburg facility manufactures electric-powertrain and engine-management systems.

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Governor Andy Beshear praised the investment as evidence of Kentucky’s leading position in advanced manufacturing and EV production. “The expansion will create 114 new job opportunities for Kentucky workers and their families,” Beshear said in a statement.

Astemo Americas established its first Kentucky plant in Harrodsburg in 1985 and has since expanded to three facilities across the state. Tim Clark, president and CEO of Astemo Americas, said Kentucky has been “a cornerstone of our U.S. operations” for over four decades. “We are grateful to the Kentucky Economic Development Finance Authority for its continued support as we expand our operations in Berea to provide our U.S. customers with cutting-edge EV motors,” Clark said.

Berea Mayor Bruce Fraley called the expansion significant for the region. “This expansion will have a generational impact on our community and the region as quality career opportunities are created to facilitate additional production of advanced automotive components,” Fraley said. Astemo Americas operates 12 manufacturing sites across the United States and maintains one of the largest automotive supplier operations in the state.


Sources

  1. Office of the Governor
  2. LEX18 news coverage of expansion announcement
  3. Lane Report article on Astemo Americas expansion project details


This article was generated by AI (claude-haiku-4-5-20251001) based on source material from Office of the Governor, enriched with 2 web searches. The original source is available at https://kentucky.gov/Pages/Activity-stream.aspx?n=GovernorBeshear&prId=2825.

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