Morgantown automotive components manufacture announces expansion
A local automotive component manufacturer announced plans to expand their Morgantown operation Friday.
Corvac Composites, LLC is investing $6 million in the project, which includes new manufacturing equipment and the creation of 30 new jobs over the next five years.
"When a company makes the decision to locate in Kentucky, they often end up deciding to also expand here. That's the case with Corvac Composites, who first opened their Morgantown facility 13 years ago," Gov. Bevin said. "We are grateful that this company is establishing an even stronger presence in the community moving forward, and we wish both Corvac and Butler County much continued success."
Corvac has over 30 years of experience supplying airflow management and water-deflection systems to manufacturers around the world.
"Corvac is pleased to make yet another investment in our Morgantown facilities," said John Huber, Corvac Composites Vice President. "The award-winning performance of our employees has resulted in significant new business, and we wish to thank the South Central Kentucky regional economic development partnership for helping us make the investment happen."
Corvac’s locations span three continents, with five plants in the United States.
"We are excited to celebrate the success of Corvac Composites in Morgantown through our work with the South Central Kentucky regional partnership," said Ron Bunch, President and CEO of the Bowling Green Area Chamber of Commerce. "Their products are in high demand throughout the automotive industry and will continue to be with lightweighting and noise reduction being of top priority for manufacturers and suppliers across the world. We look forward to their future growth in Morgantown."
Corvac works with companies including Honda, Fiat Chrysler Automobiles, Ford and Toyota. Toyota is their largest customer.