July 26, 2018

DAE-IL Breaks Ground in Murray as Kentucky Strengthens Ties in South Korea

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Kentucky continues to be a player on the international stage, and last week that was made clear once again when officials from DAE-IL Corp. broke ground in Murray on the company’s first US operation. Cabinet leadership was in attendance as the company began work on its $50 million, 120-job automotive parts facility.

DAE-IL, headquartered in Ulsan, South Korea, originally announced the project in December 2017 to produce gears for customers in the automotive industry. The 295,000-square-foot facility is being built in the Murray-West Industrial Park and is expected to be operational by May 2019.

Kentucky Gov. Matt Bevin and the state’s economic development leadership have increasingly devoted resources toward strengthening the commonwealth’s ties in South Korea in recent months, and he said those efforts contributed to this opportunity in west Kentucky.

“We are grateful for DAE-IL’s decision to build its first US manufacturing facility here in the commonwealth, and we congratulate them on starting construction in Murray,” Gov. Bevin said. “Kentucky has a proven track record of successfully attracting and integrating businesses into our economy, and our relationship with another South Korean company set the stage for this opportunity. DAE-IL’s significant investment will create great jobs for citizens of Calloway County and west Kentucky, and we are confident that they will thrive and grow in the commonwealth.”

DAE-IL was founded in 1976 and manufactures and sells powertrain parts for vehicles, heavy equipment and motorcycles. Its products include gears, car transmission and engine parts, heavy equipment products – such as transaxles, drive axles and transmission and excavator products – and motorcycle transmission and engine parts. DAE-IL exports its products primarily to the US, China, Japan and Europe.

“We are very happy and excited to be in Murray. We would like to thank everyone that has played a part in this,” said DAE-IL President and CEO Johnny Kim. “They have made us feel very welcomed here. We look forward to a long, successful partnership with the community.”

In May, Gov. Bevin was joined by Sec. Terry Gill and Executive Officer Vivek Sarin of the Kentucky Cabinet for Economic Development for an economic development and trade mission to Japan and the Republic of Korea. There, Kentucky officials met with company executives to encourage investment and job creation in the state.

“Kentucky continues to distinguish itself as America’s center of engineering and manufacturing excellence. In a globally competitive economy, it is imperative that we build new relationships and strengthen existing ties with companies in Japan and the Republic of Korea,” Gov. Bevin said in preparation of the visit. “Both nations play a significant and growing role in the commonwealth’s economy, international trade sector and in our industrial, commercial and technology supply chains. We are committed to developing new opportunities across the globe that create jobs, investment and economic growth for Kentucky.”

DAE-IL joins South Korean companies with a presence in the commonwealth, including Clark Material Handling, INFAC North America, Kiswel Inc. and Taeyang Metal. These companies employ approximately 400 people across the state.

INFAC, which located in Campbellsville in 2008, has already announced expansion projects on three separate occasions. Most recently, the company shared plans in 2015 for a $1 million investment and the addition of 20 full-time jobs for the assembly of feeder cables for the auto industry.

Under the Bevin Administration, Kentucky anticipates nearly 275 new full-time jobs on the heels of nearly $75 million in new investments by South Korea-based companies.

To find out more about Kentucky’s international efforts, click here.

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