WABCO to Expand, Add Jobs at Hebron Facility
After receiving incentives from the state, WABCO USA plans to triple its employment numbers and reinvest more than $3 million in the distribution of its heavy truck parts manufacturing and warehousing facility in Hebron.
The Kentucky Economic Development Finance Authority (KEDFA) approved a 10-year incentive agreement with the company under the Kentucky Business Investment Act. The incentive could result in up to a $1.1 million tax incentive on the company's $3 million investment.
WABCO agreed to create 123 full-time jobs for Kentucky residents over the next ten years while paying an average hourly wage of $39 including benefits.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
“I want to thank WABCO USA for reinvesting in our state and planning to add 123 new, full-time jobs,” Gov. Andy Beshear said. “This project speaks to sectors where Kentucky stands out nationally – in both the automotive and distribution-and-logistics industries – and for good reasons. Our central location within North America’s auto manufacturing belt, our experienced workforce and our deep roots in these industries all mean WABCO’s expansion is well placed and will be a boon for Northern Kentucky for years to come.”
WABCO’s investment includes new equipment to enable increased volume and broader distribution of WABCO products throughout the U.S., Canada, and Mexico. Company leaders anticipate work on the project will begin this month and be completed by spring 2020. WABCO currently employs 77 people in Hebron.
“To ensure that our North American customers have seamless access to WABCO’s comprehensive product and service platform, we are dramatically expanding our aftermarket team and product distribution infrastructure in the region. This will result in a superior customer experience for OE service providers, aftermarket parts distributors and fleets,” said Jon Morrison, president, WABCO Americas. “We appreciate the strong support of the Commonwealth of Kentucky and look forward to our continued efforts to serve the commercial vehicle industry while supporting economic development in the region.”
WABCO USA is a subsidiary of WABCO Holdings, Inc., whose offices are located in Auburn Hills, Michigan. WABCO operates various business units serving commercial vehicle manufacturers, fleet operators and aftermarket customers. WABCO’s roots date back more than 150 years, when the company operated as Westinghouse Air Brake Co. The company currently operates 27 manufacturing locations that serve 40 countries around the globe. Products include electronic and active braking systems, aerodynamic and stability systems, suspension systems, transmission automation systems and fleet management systems. WABCO employs approximately 14,200 people worldwide.
The commonwealth’s automotive industry includes four OEM assembly plants and more than 500 supplier facilities statewide. The industry employs more than 101,000 people. Motor vehicles and parts also rank among the state’s top exports and Kentucky leads the nation in production of new passenger vehicles per-capita.