FRANKFORT, Ky. (Oct. 28, 2016) - MACA Plastics, which supplies components to the automotive and medical industries, will locate a 156-job manufacturing plant in Maysville with a $7.9 million investment, Gov. Matt Bevin announced today.
“The arrival of MACA Plastics in the Commonwealth is a good indicator of how Kentucky’s automotive industry continues to grow and strengthen,” Gov. Bevin said. “MACA has earned its reputation for quality through more than 20 years of designing, producing and testing products for both the automotive and medical device markets. This new Mason County operation promises to build upon that success, and we are grateful for MACA’s decision to invest in Kentucky.”
MACA leaders plan to start renovating a 122,600-square-foot facility in Maysville in November and expect to open the plant by year-end. The facility will produce injection molded and assembled automotive components initially.
“We are very impressed with the speed that this project has evolved and facilitated by Mike Denham and Gene Weaver. They have brought together all the resources necessary to assist us in this expansion,” said Andrew Culbertson, CEO of MACA Plastics. “The Commonwealth of Kentucky has set a new gold standard in service and deserves the highest recognition for the outstanding agility to navigate through the many constraints that has occurred in this endeavor.”
Based in Winchester, Ohio, MACA spun off from aircraft component supplier Aeroframe Corp. in 1995 to design and manufacture automotive and medical devices. Its expertise includes oxygen delivery systems, drug dispensing, orthopedics, peristaltic pumps, flow valves and forensic engineering on low-cost microprocessor systems used in medical equipment.
MACA added production capabilities for automotive parts that combine circuit board electronics and molded plastic, such as engine ignition coils and door-mounted switches for windows. Major automakers including Toyota, Honda, GM and Jeep use MACA products.
Sen. Stephen West, of Paris, said the company will have an impact on the region, as well as the state.
“I am pleased to hear of MACA Plastics’ establishment in Maysville,” he said. “This company’s investment will have lasting effects on not only Maysville’s business climate, but also that of our Commonwealth’s. I thank MACA Plastics for their creation of good Kentucky jobs and welcome them to the 27th District.”
Rep. Mike Denham, of Maysville, showed his appreciation for the company’s efforts to locate in Mason County.
“I want to thank Andrew Culbertson and the MACA Plastics team for working so well with our local team, including the industrial development authority, Gene Weaver and state economic development officials, all of whom deserve to be recognized for their efforts,” Rep. Denham said. “I’m proud to welcome this company to Maysville and Mason County and investing so much in our community and creating these much-needed jobs. This announcement speaks volumes about all that we have to offer, from a quality of life that is second to none to a highly trained and motivated workforce.”
Maysville Mayor David Cartmell said the city welcomes business expansion and new development.
“Job creation and business investment are vital to the overall economic vitality of our community,” he said. “The city is committed to working with its existing businesses and new recruits to do everything possible to make sure they succeed.”
Mason County Judge-Executive Joseph Pfeffer said the arrival of MACA Plastics comes at the perfect time for the community.
“Over the past few years, our local area has experienced a significant loss of jobs due to layoffs and plant closures,” he said. “Our local governments are fully supportive of businesses wishing to locate their operations in Maysville, Mason County. The creation of new jobs as a result of MACA Plastics locating in Mason County will definitely boost the local economy.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in October preliminarily approved the company for tax incentives up to $2.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, KEDFA approved the company for up to $33,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
MACA also can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
For more information on MACA Plastics, visit www.MACAPlastics.com.
A detailed community profile for Mason County can be viewed at http://bit.ly/MasonCo.
The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2015 totaled a state record $5.1 billion, spurring more than 16,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.