Propulsys will upgrade Kentucky plant
Nov. 3, 2011 - Propulsys, a leading global manufacturer of hydraulic drive products, has announced that it will expand its current operations in Hopkinsville, Ky.
The $9.5 million expansion of the company's headquarters facility will allow it to improve its product performance and increase market share. It will retain its existing workforce of 207 people.
“In the last five years, Propulsys has invested more than $15 million in its Hopkinsville facilities,” said Rich Maddux, Propulsys president and CEO. “Given the global competition for our jobs and investment, we are pleased that the Commonwealth of Kentucky recognizes that advanced manufacturing is important to its future and has partnered with us to expand our world class production operations.”
“TVA congratulates Propulsys on their decision to invest in Hopkinsville and retain its existing employment base,” said John Bradley, Tennessee Valley Authority senior vice president of economic development. “We are privileged to partner with the company, Pennyrile Rural Electric Cooperative Corporation, the Hopkinsville-Christian County Economic Development Council, and the Kentucky Cabinet for Economic Development to facilitate this opportunity.”
Read more at the Kentucky economic development website.