Transcraft to Expand Operations and Add Jobs in Kentucky
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CADIZ, KY, Apr 24 (Marketwire) -- Transcraft, a subsidiary of Wabash National Corporation (NYSE: WNC) and a leading producer of platform trailers, together with Kentucky Governor Steve Beshear, today announced the expansion of its Trigg County operations in Cadiz, Ky. The company's growth plan includes building a 12,000-sq.-ft. facility with the latest technology in painting equipment plus adding 80 new jobs through a total capital investment of approximately $3 million to accommodate rising demand for flatbed and drop deck trailers. "Transcraft is excited to embark on the next step of dynamic growth in Cadiz. Even with a state-of-the-art manufacturing facility and a dedicated workforce ready to meet current demand, it is necessary to increase capacity by adding new equipment and expanding our team to capitalize on a bright future," said Rick Klein, general manager, Transcraft Corporation. To encourage the investment and job growth, the Kentucky Economic Development Finance Authority approved tax incentives up to $2 million through the Kentucky Business Investment program. Cadiz-Trigg County Economic Development Commission has also actively supported Transcraft's growth through infrastructure investments and incentives. "I couldn't be more pleased that the Commonwealth is partnering with Transcraft to make this investment possible and bring new jobs to Cadiz," Gov. Beshear said. "Transcraft is a long-standing and well-respected corporate citizen, and this expansion is a milestone on its long road of success here in Kentucky." "Transcraft is an integral part of the Wabash National family," said Dick Giromini, president and CEO, Wabash National Corporation. "With leading brands and expertise in designing, producing and distributing platform trailers, both Transcraft and Benson have a loyal following. We appreciate the support from the Commonwealth of Kentucky, the leadership of Trigg County and the commitment from the fine folks in Cadiz as we expand to meet evolving customer needs." According to Americas Commercial Transportation Research Company (ACT Research), sustained high demand for platform trailers is forecasted for the next five years. "Wabash National is investing in a foundation for growth at the Cadiz facility for both platform trailer manufacturing and other emerging opportunities," said Brent Yeagy, vice president and general manager, commercial trailer products, Wabash National Corporation. About Transcraft Transcraft(R) Corporation, a wholly-owned subsidiary of Wabash National(R) Corporation (NYSE: WNC), is one of the leading manufacturers of platform trailers in North America. Established in 1962, Transcraft offers a wide range of flatbed and drop deck trailer models sold under the Transcraft Eagle(R) and Benson(TM) brand names to meet the needs of the commercial vehicle and construction industries. Transcraft operates a state-of-the-art manufacturing facility in Cadiz, Ky. To learn more, visit www.transcraft.com. Media Contact: Celeste Stanley (765) 771-5569 office (317) 626-8896 cell email@example.com Copyright 2012, Marketwire, All rights reserved. -0-
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