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General Cable to expand Company relocate other assets to Lawrenceburg, will add

Started by Madiyar Menggetu, November 28, 2015, 11:08:08 AM

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Madiyar Menggetu



General Cable to expand Company relocate other assets to Lawrenceburg, will add more than 50 jobs

A company that has been part of the Anderson County community for more than 40 years is expanding its operations.

General Cable Industries Inc. is relocating assets to Lawrenceburg announced Gov. Steve Beshear on Monday.

General Cable, a wire and cable manufacturer, expects to create more than 54 positions and invest more than $2.5 million into the project.

"When a company decides to consolidate its services, it's rewarding when they decide to locate those operations in Kentucky," Beshear said in a statement.

"I'm proud to announce the strengthening of a relationship that began in Lawrenceburg in 1974. More than 250 manufacturers announced facility expansions or new locations in 2014, and projects such as this prove that growth is continuing."

Anderson County Judge-Executive Orbrey Gritton also praised the company's dedication to the community.

"General Cable has operated in Anderson County since 1974, and with this $2.5 million new investment, that shows a strong comittment to our community.," he said.

"This expansion will create 54 new full time jobs, which is a credit to our work-ready community. I'm very excited about this expansion and the committment that General Cable has made here in Anderson County and look forward to working with them in the future."

In May, General Cable announced the closing and relocation of its manufacturing facilities in Franklin, Massachusetts, and Des Plaines, Illinois. On Monday, the company announced that these operations will be consolidated into its existing facility in Lawrenceburg.

The facilities that are being relocated principally produced data communications cables, including specialty and fiber products.

"The expansion of General Cable in Lawrenceburg is a testament to the working relationship between the community and the company for the past 41 years," Lawrenceburg Mayor Robert Goodlett said.

"This expansion will allow General Cable to meet the growing demand of fiber optics and other specialty electronics cable, while bringing a significant number of well-paying, full-time jobs to the community. As mayor, I look forward to working with General Cable in this expansion effort."

The company estimates it will be transferring around half of the production volume and manufacturing assets to the Lawrenceburg facility.

"Industry trends sometimes require us to consolidate operations in order to successfully compete in the market," said Paul Furtado, vice president and manufacturing team leader, communication and assemblies plants.

"While that's a difficult situation, we are pleased that the Lawrenceburg team is ready and able to take on additional product lines."

"The skills of the Lawrenceburg team and their solid performance were major factors as we considered our consolidation options," Mark Thackeray, senior vice president, global manufacturing and North American operations, said in a news release. "We look forward to much success at the Lawrenceburg, Kentucky, facility."

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