FRANKFORT, Ky. (Aug. 30, 2018) – As sunroof supplier Webasto Roof Systems Inc. marks its 20-year anniversary in Lexington, the company will add a new production line with a $15.2 million investment, creating 183 jobs, Gov. Matt Bevin announced today.
In the two-year project, company leaders plan to add the new production line in one of two existing facilities in the Blue Grass Business Park, where the Webasto became the first tenant in 1998. The line will manufacture high-tech, electronically tintable all-glass panorama roof systems — which include optional tilt-slide sunroofs — for luxury vehicle marques.
The 572-employee Kentucky campus, which includes dedicated space for an employee training “dojo,” is part of Webasto Roof Systems, headquartered in Rochester Hills, Mich., a subsidiary of Stockdorf, Germany-based Webasto Group a global innovative systems partner to almost all automobile manufacturers and among the industry’s top 100 suppliers as ranked by Automotive News. In its core business areas, the company develops and produces sunroofs, panorama roofs and convertible roofs as well as thermo systems for all drive types. In addition, Webasto is expanding its product portfolio for electromobility with battery and charging systems.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Webasto can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2017, the Kentucky Skills Network provided training for more than 120,000 Kentuckians and 5,700 companies from a variety of industry sectors.