ELIZABETHTOWN, KY. — Summit Polymer Inc. plans to build a new automotive parts injection molding facility in Elizabethtown, Ky., its second in the state.
The Kentucky Cabinet for Economic Development in Frankfort said May 18 that Summit plans to invest nearly $7.2 million in a 60,000-square-foot facility on 10 acres.
State officials predict the new plant will employ 150 and represent an annual payroll of about $3 million. Summit has preliminary approval for tax credits under the Kentucky Industrial Development Act. It also has been approved for funding for worker training.
Privately held, 26-year-old Summit mainly supplies the automotive industry.
Summit operates eight other manufacturing plants, in Michigan, Missouri, Kentucky and Matamoros, Mexico. Its technical center is in Kalamazoo, Mich., and its sales office is in Detroit.