9:46am

Fri September 16, 2011
Business and the Economy

Japanese Company Adds Jobs in Glasgow

GLASGOW - Community leaders and officials from Akebono Brake in Glasgow unveiled a major expansion at its Barren County facility on Thursday. The $20.6 million project, which added 60,000 square feet to its existing facility, is expected to result in 224 new jobs. Akebono Brake, Glasgow Plant was established in Barren County in 1995 and supplies brakes and brake components to a variety of tier 1 automotive makers. Following the expansion, the Glasgow facility will total almost 400,000 square feet and employ more than 920 Kentuckians.

The company also has its North American headquarters and a manufacturing plant located in Elizabethtown, according to a press release from Gov. Steve Beshear's office.

The Kentucky Economic Development Finance Authority preliminarily approved Akebono Brake for tax incentives up to $4 million through the Kentucky Business Investment program.

“Since 1995 Akebono has been a significant part of the Glasgow economy,” said Glasgow Mayor Rhonda Trautman. “With this new $20 million expansion comes many more high-paying jobs for our community. The city of Glasgow is thankful for their commitment to our community and also wants to thank Gov. Beshear and the Kentucky Cabinet for Economic Development for financial incentives to assist in this expansion.”