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Bilstein expanding in Bowling Green Operation By Crystal Staley/Jack Mazurak Frankfort, KY - On Thursday, Gov. Andy Beshear congratulated German-owned steel processor Bilstein Group, as company leaders broke ground on a $17.8 million investment at its Bilstein Cold Rolled Steel LP campus in Bowling Green, a project that positions the location for future investment and job growth. "Bilstein has been a great corporate partner to Warren County and the commonwealth since it opened four years ago, and I am thrilled to see the company finding success in our state," Gov. Beshear said. "This investment not only will help the company meet its job growth targets, but also creates a foundation for possible further expansion in the coming years. I look forward to seeing BILSTEIN grow with Kentucky as we strive to build an economy that works for all of our residents." Bilstein's investment will allow for the construction of a new 8,500-square-foot facility in the Kentucky Transpark in addition to its existing 105,000-square-foot operation, to better serve the North American market. The project will feature the installation of new equipment, including batch annealing furnaces, and upgrades to existing equipment to increase production capacity of high-performance, cold-rolled steel strips. The project also will help encourage job growth, boosting BILSTEIN's expected employment to 120 full-time jobs, exceeding the projected jobs number of 110 originally announced by the company in 2015. Opened in 2017, the existing facility currently employs 86 people - including 82 Kentuckians - in Bowling Green. Company leaders expect the expansion to be fully operational by the second half of 2022. "Today, we celebrate a major milestone in BILSTEIN's success story in the U.S. We are very proud to be part of this community and, most fundamentally, of our team delivering and outperforming our company goals and therefore allowing us to add this physical expansion to our plant," said Brent Wilson, president and CEO of Bilstein Cold Rolled Steel LP. "This will be the foundation to continue on our current growth path and add more highly qualified jobs to the region. Our plant in Bowling Green, Kentucky, is Bilstein's first footprint on the North American continent. Looking at the increasing demand in our superior quality products, serving high-precision applications in key industry segments including electrical vehicle systems, we are very positive that our growth story does not stop here." Bilstein, founded in 1911 in Hagen, Germany, produces highly specialized steel products for the automotive sector and other industries. The company has produced cold-rolled steel for the North American market for more than 25 years and processes 62,000 different products supplied to 170 countries. BILSTEIN operates 21 international subsidiaries, employing more than 2,100 people worldwide. Bilstein is among nearly 80 German-owned facilities operating in Kentucky, which employ about 14,000 people across the state. This story was posted on 2021-08-05 11:34:46
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Kentuckians can double their buying power at Farmers Markets LCDHD COVID-19 Public Information Brief 8/4/2021 Sunny today, high 86F 7-County Area Courts for Thu 5 Aug 2021 Mayor's Report to Columbia City Council for July August Chamber of Commerce meeting cancelled CAUD: Boil Water Advisory lifted Greensburg Rd. area LCDHD COVID-19 Public Information 8/3/2021 Sunny today, high 82F, chance of storms 7-County Area Courts for Wed 4 Aug 2021 View even more articles in topic News |
 
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