Today, Precision Strip, Inc. announced the expansion of their facility on Scotty’s Way in Bowling Green. This project is a $16.2 million capital investment, adding 16 new jobs and 80,000 square-feet to their facility. This is their first expansion in Bowling Green since locating in Scotty’s Industrial Park in 2016 and brings their total investment in Warren County to $31.7 million and 31 jobs.
Precision Strip toll processes, stores and delivers steel and aluminum to the automotive, appliance, industrial products and beverage can industries. Headquartered in Minster, Ohio, Precision Strip employs over 1,250 people at 13 facilities in Ohio, Indiana, Michigan, Kentucky, Tennessee and Alabama. Facilities include 50 processing lines and more than three-million square-feet of building space. They offer a variety of services related to the toll processing of carbon, stainless steel and aluminum including: slitting, oscillate slitting, multi-blank cut-to-length processing, Class 1 automotive blanking and coil fed laser blanking.
“Already an exciting project when it was originally announced, this increase in investment and job creation only adds to the positive impact Precision Strip will have on the local economy,” Gov. Bevin said. “The company has processed quality products in Kentucky for nearly 25 years, and we are proud to welcome their expanded presence moving forward. Thanks to Precision Strip’s commitment to the commonwealth, many families in the Bowling Green region will benefit from new job opportunities.”
“After having been operational for only a year at our Bowling Green facility, it became clear that the south-central Kentucky region was continuing to see healthy growth and investment in the markets we serve,” said Joe Wolf, president of Precision Strip. “As a result, we feel the addition of a state-of-the-art slitting line will help us continue to best serve our customers who need metals toll processing. We greatly appreciate the ongoing support we receive from the Chamber and the Commonwealth of Kentucky on these projects that fuel economic growth.”
“TVA and Warren Rural Electric Cooperative Corporation congratulate Precision Strip, Inc. on its decision to expand operations in Warren County,” said TVA Senior Vice President of Economic Development John Bradley. “Helping to foster job creation in the Valley is fundamental to TVA’s mission of service and we are proud to partner with Bowling Green Area Chamber of Commerce and the Kentucky Cabinet for Economic Development to help further that mission.”
Precision Strip has been a member of South Central Kentucky’s business community since operations began at their Woodburn, Kentucky location in 1995. Between both locations, they employ over 130 people and operate six metal processing lines. Their decision to locate in Bowling Green was driven by the need to better serve clients in the Kentucky Transpark and throughout the South Central Kentucky region.
“Precision Strip’s presence in South Central Kentucky will only continue to grow with the global success of the aluminum and steel industry,” said Chamber President and CEO Ron Bunch. “We are delighted to celebrate the growth of their operations in Bowling Green and look forward to their continued success in our community.”
“Precision Strip’s Bowling Green location is primed for growth,” said Bowling Green Mayor Bruce Wilkerson. “Situated among so many companies within the steel and aluminum industry, their future in our community is undoubtedly bright. I congratulate them on this first of many expansions.”
“Precision Strip has proven to be a valuable asset to Warren County’s business community,” said Judge-Executive Mike Buchanon. “We’re excited to celebrate their success and are thrilled they continue to call Warren County home.”
The Bowling Green Area Chamber of Commerce has announced 13 economic development projects totaling $94.3 million in capital investment and 410 new jobs for 2018. Bowling Green was recently recognized by Site Selection magazine as a top tier-2 metropolitan area in the United States and was ranked among the top 20 for 2018’s ‘Best Small Cities to Start a Business’ by Wallethub.com.
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.