Bowling Green, Ky. (June 1, 2018) – Today, automotive component manufacturer Corvac Composites, LLC announced plans to expand their operation in Morgantown, Kentucky. This $6 million investment in the Morgantown community includes the addition of new manufacturing equipment and will create 30 new jobs over the next five years.
Corvac has over 30 years of experience as a supplier of airflow management and water-deflection systems to OEM and Tier 1 Manufacturers across the globe. In this time, they have grown to be a leader in thermoform manufacturing. Different than traditional injection molding processes, the Corvac Process utilizes a single sided mold and vacuum to create product shape.
"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 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 footprint has grown tremendously since production began in the 1980s. Their locations span three continents, with five plants in the United States. They work with automotive manufacturers all over the world, including companies like Honda, Fiat Chrysler Automobiles, Ford and Toyota. Toyota is their largest customer and uses Corvac-produced components on almost every Toyota and Lexus vehicle assembled in North America.
"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."
Environmentally conscious manufacturing practices are standard for Corvac. Their products are made from recycled materials, are extremely durable - always exceeding the life of the vehicle - and have made contributions to both noise reduction technology and the lightweighting of vehicles. Weight reduction continues to be a high priority for automotive manufacturers, as it results in overall improved fuel economy for consumers.
"Corvac Composites is one of Morgantown's largest manufacturing employers and provides great careers to the people of our community. On behalf of the City of Morgantown, I congratulate plant manager Steve Richardson, vice president John Huber and the employees of Corvac on their latest expansion," said Morgantown Mayor Billy Phelps.
"Butler County is proud to have Corvac Composites in our business community," said Butler County Judge-Executive David Fields. "Our region's economy is largely made up of companies within the manufacturing sector, with nearly 30 percent of all jobs in Butler County in manufacturing. We thank Corvac for their continued support of our community and congratulate them on this wonderful project."
So far for 2018, the Bowling Green Area Chamber of Commerce has announced six economic development projects totaling $24.46 million in capital investment and 137 new jobs. The Chamber and the City of Morgantown have announced $15.8 million in capital investment and over 140 jobs over the last 5 years through the South Central Kentucky economic development partnership.
About the Bowling Green Area Chamber of Commerce:
Incorporated in 1935, the Bowling Green Area Chamber of Commerce is a 5-Star Accredited Chamber by the U.S. Chamber of Commerce and was named the 2009 Chamber of the Year by the American Chamber of Commerce Executives. As the fourth largest chamber in Kentucky, the Chamber serves as a premier business advocate for its more than 1,350 partners and is the driving force for economic development in South Central Kentucky. Its primary goals are to promote growth and success in the business community, reaching its small business partners and those in large industries alike. With leadership programs, governmental relations projects, educational initiatives and involvement opportunities, the Chamber aims to support the community and its neighbors in order to enhance the business climate and continue to grow the region. Learn more about South Central Kentucky’s advantages at www.southcentralky.com.