BOWLING GREEN, Ky. (WBKO) -- Bowling Green got another big boost to the local economy Wednesday.
"The Bilstein Group, a family owned automotive supplier based in Germany, is establishing a manufacturing plant in the 72 acre Kentucky Transpark," said Gov. Steve Beshear, D-Kentucky.
Bilstein Group makes cold-rolled strip steel products mostly for the automotive industry, and Gov. Beshear said business like this is helping the Commonwealth come out of the recession.
"One reason that we continue to turn this economy in Kentucky around is because investors around the world have recognized what a great place Kentucky is to do business," said Beshear.
The company is making a large investment in the area and supplying almost one hundred jobs.
"$120 million is a huge investment for any community," said Warren County Judge-Executive Mike Buchanon.
"It's an opportunity for 90 families to have the where-with-all to survive in this community and this economy," said Bowling Green Mayor Bruce Wilkerson.
The Bilstein Group said it was necessary to come to the states to compete and this community was the right fit.
"We are absolutely certain that Bowling Green is the perfect spot for our new cold-rolling mill, being both sufficiently close to our customers and suppliers as well as within reach from Europe and any place in North America," said Bilstein CEO Marc Oehler.
Many agree, this is a great new addition to the Transpark.
Bilstein makes a number of automotive products including, automatic transmissions and clutches, safety parts and seat track and seat structure parts.