December 2012, the German auto parts supplier Evie's Group (iwis) today announced that it will invest $ 12.5 million to build a new plant in Kentucky, the plant will become Evie's's first manufacturing plant in the United States.
Ivey’s first plant in the United States will be located in Murray, Kentucky. The construction of the new plant will cost US$ 12.5 million and is expected to be operational by the end of 2013. Once completed, the engine timing drive system will be produced.
In order to encourage companies to invest in and create jobs locally, the Kentucky Department of Economic Development and Finance preliminarily approved that it will provide 2.5 million U.S. dollars in tax relief to the Uwe Group through the Kentucky Business Investment Program.
Ivey Group is a family-owned company founded in 1916 that mainly produces automotive and industrial chain products. The company now has more than 1,000 employees and 22 factories worldwide.
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