Vista Metals Set to Invest $60 million in Bowling Green Aluminum Casting Site
Bowling Green, Kentucky – Vista Metals, a prime manufacturer of specialty aluminum products, is set to join the burgeoning metals sector in Bowling Green, Kentucky, with a significant injection of a $60 million investment. The company aims to establish a new operation for specialty aluminum products, with the project forecasting the creation of over 50 full-time jobs that offer competitive wages.
Setting the Stage for Growth
The groundwork has already commenced for the project and a phased build-out is at the helm, with plans to boost growth within the company’s primary markets. As reported earlier, these markets encompass diverse sectors such as commercial aircraft, aerospace, defense, automotive, and general industrial applications.
Commitment to Kentucky’s Economy
This development comes in the wake of remarkable investment trends in the metals sector in Kentucky. With Warren County proving to be a hub for economic growth, the entry of Vista Metals is seen as a welcome addition. Speaking on the project, the Governor of Kentucky, Andy Beshear, expressed his gratitude for the commitment of Vista Metals to the state’s economic development while also anticipating its growth.
A Major Leap in Employment and Manufacturing
In this project, Vista Metals has plans to acquire over 100 acres of land coupled with the construction of a facility spanning over 75,000 square feet. The job prospects are promising in the fields of operations, planning, engineering, and site management, among others.
“Bowling Green is a growing city with a strong industrial business base. Critical to our success is their proven track record of attracting qualified manufacturing talent, the close interaction between business and education, and their long-term community development plan. We look forward to growing our business and contributing to this great community,” said Andy Primack, CEO of Vista Metals.
Niche in Aerospace Investment
This investment is key to strengthening Vista Metals’ impact on the aerospace industry, as Original Equipment Manufacturers (OEMs) in the sector project a two-fold increase in the build rates for commercial aircraft in the next two decades. Dealership statistics point to the recovery of the markets and a projection of long term growth. Weaving these statistics into strategy, Vista Metals aims to invest in a way that allows customers to test the quality of their product ahead of the expected surge in growth.
Strengthening the Community
This project is a testament to Bowling Green’s position as a favorable environment for business growth. It not only has the potential to create jobs but also bolster Warren County’s position in manufacturing and innovation.
The Building Blocks for Success
The success of this venture is due in large part to the collaboration of various stakeholders. Their involvement has made this project a reality, thereby paving the way for the expansion of the local economy. The Bowling Green Area Chamber of Commerce specifically recognizes the invaluable contribution of partners in the financial sector, the construction industry, and other business investors for their role in making the project successful.
Furthering its commitment to support investment and job growth in the community, Vista Metals has preliminarily approved a 15-year incentive agreement with the Kentucky Economic Development Finance Authority (KEDFA) under the Kentucky Business Investment program. This agreement could provide up to $2.5 million in tax incentives, based on investment in capital and job creation.
For more about Vista Metals and its projects, visit VistaMetals.com.
