Transcraft Corp. will expand its platform-trailer manufacturing operation in Cadiz, Ky., with a 12,000-sq.ft. plant, responding to rising demand for new flatbed and “drop deck” trailers. The company cited research by the Americas Commercial Transportation Research Co. to indicate the current high level of demand for trailers is forecast to continue over the coming five-year period.
The timing of the project and the start-up date of the new operations were not announced.
Transcraft manufacturers trailers sold under the Transcraft Eagle and Benson brands for commercial vehicles and construction equipment. "Transcraft is an integral part of the Wabash National family," explained Wabash president and CEO Dick Giromini. "With leading brands and expertise in designing, producing, and distributing platform trailers, both Transcraft and Benson have a loyal following."
The Kentucky project is estimated at $3 million, but the Wabash Corp. subsidiary indicated it may lead to 80 new jobs at that location.
The Kentucky Economic Development Finance Authority is supporting the project with tax incentives valued at up to $2 million, and the Cadiz-Trigg County Economic Development Commission is providing unspecified infrastructure investments and other incentives.
"Transcraft is excited to embark on the next step of dynamic growth in Cadiz,” stated the company’s general manager Rick Klein. “Even with a state-of-the-art manufacturing facility and a dedicated workforce ready to meet current demand, it is necessary to increase capacity by adding new equipment and expanding our team to capitalize on a bright future."
"I couldn't be more pleased that the Commonwealth is partnering with Transcraft to make this investment possible and bring new jobs to Cadiz," stated Kentucky Governor Steve Beshear. "Transcraft is a long-standing and well-respected corporate citizen, and this expansion is a milestone on its long road of success here in Kentucky."