SHEPHERDSVILLE, KY. (Feb. 2, 2:15 p.m. ET) — Magna Seating has opened a 139,500 square foot facility in Bullitt County, Kentucky. The nearly $20 million investment is expected to create up to 450 new jobs within the next few years, according to a news release from Kentucky Gov. Steve Beshear.
Magna Seating, an operating unit of Magna International, develops and manufactures automotive seating systems, including seat structure and mechanisms, as well as polyurethane foam and trim products for the global automotive industry. The company will manufacture seating and seating components to support the 2013 Ford Escape program at Ford's Louisville, Ky., assembly plant.
The Kentucky Economic Development Finance Authority amended the preliminarily approval of tax incentives for Magna Seating to encourage increased investment and job creation. The company is now eligible for up to $8.5 million through the Kentucky Business Investment program.