Auto supplier to build $37.5 million facility in Kentucky, creating hundreds of jobs

An automotive interior systems supplier is investing $37.5 million in a new facility in Lawrenceburg, Kentucky Gov. Andy Beshear announced Thursday.

Summit Polymers Inc., a women- and family-owned business based out of Portgage, Michigan, will build the 140,000-square-foot facility on roughly 40 acres along the U.S. Route 127 Bypass in Anderson County. Construction is projected to be finished in June 2023 and is expected to create 218 new jobs.

The company, which has facilities in Elizabethtown and Mt. Sterling, is planning to hire the new full-time workers for $23.50 per hour, including benefits.

“It is always great to see companies grow in our state, and it is even better when that growth reaches into new communities,” Beshear said in a statement.

Summit Polymers “has had a strong presence in the commonwealth for more than three decades, and this new Lawrenceburg operation will position the company for even bigger things in the future,” Beshear said.

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The Kentucky Economic Development Finance Authority on Thursday approved Summit Polymers to be eligible for up to $2.8 million in tax incentives under the Kentucky Business Investment Program.

According to a press release, more than 525 automotive-related facilities operate in Kentucky, employing over 100,000 Kentuckians. The sector has had more than $9.1 billion in new investments and more than 10,700 full-time jobs since the start of the Beshear administration, per the release.

With more than 50 years in business, Summit Polymers has more than 3,000 employees at 15 locations worldwide.

Scott McAllister, the company’s director of new business development and material systems, said Thursday “our roots in Kentucky run deep” and “this new Lawrenceburg facility reinforces our commitment to the longstanding partnerships we’ve shared.”

“The Commonwealth of Kentucky, Anderson County and City of Lawrenceburg have been exceptional in their support for this new project, and we are thankful for this opportunity to conduct business in Lawrenceburg,” McAllister said.

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Contact Ben Tobin at [email protected] and 502-377-5675 or follow on Twitter @Ben__Tobin.

This article originally appeared on Louisville Courier Journal: Summit Polymers Inc. to build new $37.5 million facility in Kentucky