The Canadian component manufacturer Linama Group announced today (Linamar Corporation) that it plans to invest US$40.8 million to purchase new equipment for its Northern Kentucky factory, creating 138 new jobs for the region.
Linamar specializes in the production and sale of auto parts. The expansion of the Kentucky plant mainly produces parts for the Ford and Chrysler automotive engines. Linamar intends to install new equipment for the plant as soon as possible, and strives to invest in January next year. produce.
The Kentucky government expressed strong support for the expansion of the Linatema plant in Kentucky and provided Linama with a tax incentive of US$4.5 million. This allowed Linamar to offset part of the corporate income tax to achieve long-term investment goals.
Linamar specializes in the production and sale of auto parts. The expansion of the Kentucky plant mainly produces parts for the Ford and Chrysler automotive engines. Linamar intends to install new equipment for the plant as soon as possible, and strives to invest in January next year. produce.
The Kentucky government expressed strong support for the expansion of the Linatema plant in Kentucky and provided Linama with a tax incentive of US$4.5 million. This allowed Linamar to offset part of the corporate income tax to achieve long-term investment goals.
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