BENTON, Ky. (AP) — The American Stave Company is building a mill in Benton to produce barrel staves for the bourbon and whiskey industries.
A news release from the governor's office says the $12 million project will create more than 40 full-time positions.
The company plans to begin site work this spring, with the facility opening by July 2017.
American Stave's first Kentucky mill opened in September in Rowan County. The Morehead Wood Products mill now employs 71 people. Both mills will supply cooperages in Lebanon and Missouri.
The Kentucky Economic Development Finance Authority preliminarily approved American Stave for performance-based tax incentives up to $750,000 through the Kentucky Business Investment program. The agency approved another $200,000 in tax incentives through the Kentucky Enterprise Initiative Act.