Business and the Economy
Auto Parts Maker Locates in Glasgow, Creates 100 jobs
GLASGOW – Officials from Canadian-based Beta Tech Inc. announced Monday the company will locate its first U.S. manufacturing facility, Fortis Manufacturing, in Glasgow, creating 100 new jobs over the next several years. The automotive parts supplier’s location will entail a $5.1 million investment.
Fortis Manufacturing, a division of Beta Tech Inc., makes precision tooling and stampings for the automotive industry for customers throughout North America. The company plans to acquire an 80,000-square-foot facility on 16 acres in Glasgow. The new plant is expected to be operational by January 2012.
To encourage Fortis Manufacturing to locate in the state, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.5 million through the Kentucky Business Investment program.
“This is certainly great news for our community, especially for the 100 families who will benefit, so I’m glad to see Beta Tech Inc. take this step and that the state could play a part,” state Rep. Johnny Bell, of Glasgow, said. “Announcements like this are further proof that we are starting to see our economy really begin to improve.”
“Fortis Manufacturing will bring 35 new, good-paying jobs immediately to our community, growing to 100 jobs over the next several years,” said Glasgow Mayor Rhonda Riherd Trautman. “The city of Glasgow wants to thank Mr. Kunjah and his team for selecting Glasgow for their American operations. We look forward to a long-term relationship with them.”