Barrel Maker to Locate Facility in Morehead

By: Associated Press
By: Associated Press

FRANKFORT, Ky. (AP) — A leading barrel manufacturer is opening a stave mill at Morehead, a move that will create 45 full-time jobs at first and eventually 70.

Gov. Steve Beshear's office says Independent Stave Co. is the largest barrel manufacturer in the world. A news release from Beshear's office said the Morehead operation will allow the company to meet increasing demand globally for American white oak.

The company will spend $10 million on the new facility. Ground was broken Monday.

Company President Brad Boswell says Morehead is an ideal location for the facility because it is near forests with cooperage-quality white oak and has an excellent workforce.

The state has approved tax incentives of up to about $1 million.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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