Wieland North America to Create 75 Jobs with Copper Recycling Facility in Shelby County
SHELBY COUNTY, Ky. – Wieland North America Inc. plans to create 75 jobs with a $ 100 million copper and copper alloys recycling facility in Shelby County that could see future growth.
The announcement comes less than four months after Wieland went public with plans to move its new North American headquarters to Louisville with an investment of $ 8.8 million, a project creating 75 full-time jobs.
“Earlier this year, we welcomed Wieland North America’s new headquarters to the Commonwealth, and today I am proud to welcome the company’s first manufacturing facility to our state,” said Governor aNDY Beshear . “Wieland’s rapidly expanding presence in Kentucky exemplifies the kind of economic growth and quality job creation we work on every day to attract our residents. The Kentucky team is building a better future for everyone in our state, and companies like Wieland will play a vital role in that effort. “
Wieland plans to build its new operation on 79 acres off Isaac Shelby Drive in Shelby County.
The plant will melt copper and copper alloys for recycling for use in the manufacture of copper and copper alloy semi-finished products for customers across North America.
Work on the project is expected to begin in October and be completed by the end of 2022. The new facility will also position Wieland for future investment and job creation at the site.
“Wieland is delighted to announce its latest recycling initiative in North America. Many thanks to the state of Kentucky and Shelby County for their tremendous support, ”said Matt Bedingfield, president of recycling for Wieland North America and senior vice president of Global Metal Procurement. “We are thrilled to be a part of this community. As a 200 year old company with a strong focus on long term business sustainability, we intend to have positive impacts here for many years to come. The launch of our new recycling plant gives us the opportunity to work alongside our current and future suppliers to find new ways to create value together.
Wieland North America’s announcement is one of four economic development projects Governor Beshear is announcing today. Cumulatively, today’s announcements represent nearly $ 273 million in investments that will create 505 well-paying jobs in Whitley, Shelby, Hardin and Fulton counties.
Wieland North America manufactures copper and copper alloy products, including sheet, strip, sheet, tubing, bar and other components manufactured for its North American customers.
The company also revives and trains other metals, such as stainless steel and carbon steel.
In addition, Wieland operates a distribution and processing network consisting of 15 sites nationwide. Its products are used in a variety of industries including building and construction, ammunition, automotive, currency, and electronic / electrical components.
Currently, more than 230 metals-related facilities are operating in Kentucky, employing approximately 25,000 people.
Since 2019, more than 40 new location and expansion projects have been announced in the state’s metals industry, creating nearly $ 2.5 billion in new investment and over 2,000 new jobs expected.
Wieland North America joins 80 German factories currently operating in Kentucky, including manufacturing, service and technology companies, which employ nearly 14,000 people in the Commonwealth.
This Wieland investment in North America adds to recent economic momentum in the Commonwealth, as the state rebuilds itself stronger from the effects of the pandemic.
Shelby County Judge / Executive Dan Ison said Wieland will play an important role in the continued growth of the community.
“As Shelby County Judge / Executive, I am delighted to announce that a major industry will be joining our Shelby County team,” said Judge / Executive Ison. “Industry plays a major role in the quality of life for which we are known. Wieland North America is a business leader who will lead by example while growing his business. “
Ray Leathers, president and CEO of the Shelby County Industrial & Development Foundation, said the area was fortunate to find such a powerful employer.
“Shelby County is extremely fortunate to have attracted such a large, international and world-class business as Wieland North America,” said Leathers. “The location will be synergistic with Wieland’s operations and logistics while delivering significant economic impact through strong technology-based employment. Wieland North America embodies the finest characteristics of industrial organizations established in our community.
Jack Bragg Jr., President and CEO of Shelby Energy Cooperative, welcomed the company to the community.
“Our team is proud to have helped the community and Cabinet efforts to bring this project to Shelby County,” said Bragg. “We are delighted to welcome our friends from Wieland North America to Shelbyville and to our Shelby Energy Cooperative family.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday approved a 15-year incentive agreement with the company under the Kentucky Business Investment Program. The performance-based deal can provide up to $ 6 million in tax incentives depending on the company’s current investment, and to allow for future expansion up to a total of $ 250 million and annual targets of:
- Creation and maintenance of 225 full-time jobs for residents of Kentucky over 15 years; and
- Pay an average hourly wage of $ 30, including benefits for these jobs.
Additionally, KEDFA has approved the company for up to $ 750,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows licensed businesses to reclaim Kentucky Sales and Use Tax on construction costs, building fixtures, equipment used in research and development, and electronics processing.
By meeting its annual goals over the term of the agreement, the business may be eligible to retain a portion of the new tax revenue it generates. The company can claim eligible incentives against its income tax and / or employee contributions.
Additionally, Wieland may receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, businesses can receive free recruitment and placement services, personalized training at reduced prices, and job training incentives.