Astemo Americas, Inc. will invest more than $112 million to increase production of hybrid electric vehicle (HEV) motors at its two manufacturing plants in Berea, Kentucky. The company expects the expansion to add 114 new jobs and nearly 300,000 square feet of production and warehouse space.
The Berea operations produce chassis and electric powertrain components. Astemo also has a manufacturing plant in Harrodsburg, Kentucky, producing electric-powertrain and engine-management systems.
“Since we opened our first Kentucky plant in 1985, the Commonwealth of Kentucky has been a cornerstone of our U.S. operations,” Astemo Americas President and CEO Tim Clark said. “We especially appreciate the continued support of the Kentucky Economic Development Finance Authority in helping us expand our operations in Berea to provide our customers with cutting-edge automotive components.”
The investment is part of a multi-year program expected to create 282 new jobs and increase production of hybrid EV powertrain components at Astemo’s Kentucky facilities.
Headquartered in Farmington Hills, Michigan, Astemo Americas employs nearly 15,000 workers at 23 manufacturing sites, including nearly 6,000 employees at 12 plants in the U.S. It is a division of Tokyo-based Astemo, a joint venture between Hitachi, Honda Motor Co. and JIC Capital.
