Governor Andy Beshear has highlighted a significant development in Kentucky’s manufacturing landscape as SRC of Lexington announces its expansion plans

Louisville, KY – With an investment of $15.3 million, the company is set to establish a new facility in Fayette County, a move expected to generate 60 quality job opportunities within the state.

Governor Beshear expressed his excitement about the thriving manufacturing sector in Kentucky, emphasizing the substantial growth and the resulting employment opportunities for Kentuckians and their families. SRC of Lexington, a subsidiary of SRC Holdings Corp., specializes in remanufacturing OEM and aftermarket products for various industries such as construction, mining, natural gas, and power generation.

The expansion initiative commenced in March with the acquisition of a manufacturing facility in Lexington. Spanning nearly 180,000 square feet on 14 acres, the newly purchased building will accommodate SRC’s increased capacity for teardown, machining, and production activities. The company plans to undertake renovations and improvements throughout 2024 to align the facility with its operational requirements. A phased transition to the new location is scheduled for 2025.

This strategic investment underscores SRC of Lexington’s commitment to meeting the rising demands of its clientele while contributing to the economic growth of the region. With the creation of 60 new jobs, the company’s total statewide employment is projected to exceed 230 positions. Governor Beshear commended SRC of Lexington and its leadership team for their forward-thinking approach and reiterated his support for their continued success in the years to come.

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