Kentucky Gov. Andy Beshear highlighted continuing momentum in the state’s manufacturing and technology sectors as Shinsung ST USA, a leading innovator in energy storage solutions, announced plans to establish a new manufacturing facility in Simpson County with a $53.5 million investment creating 100 new, quality Kentucky jobs.
“Manufacturing and technology are both key to Kentucky’s economic success, and Shinsung’s new investment will strengthen these key industries in the commonwealth,” said Gov. Beshear. “This project will provide great job opportunities to our people, grow the local economy in Simpson County and expand our state’s footprint in this key energy storage sector. I want to welcome Shinsung to Kentucky, and I look forward to their success for many years to come.”
The company’s new manufacturing facility will focus on producing essential components, such as heat sinks and various parts for energy storage system (ESS) containers. This operation is anticipated to generate an annual sales revenue of $200 million over the next 10 years, creating job opportunities and stimulating economic growth in the region. The project represents Shinsung’s first venture into the U.S. market, adding to Kentucky’s growing reputation as a hub for manufacturing and technology.
Company leaders expressed they look forward to engaging with local businesses and organizations, supporting community initiatives and contributing positively to Simpson County and Kentucky’s economic landscape.
The company is a subsidiary of Shinsung Delta-Tech, which was established in 1987. The Home Appliance Business Division is the foundation of Shinsung Delta-Tech, producing premium drum and fully automatic washing machines, vacuum cleaners, electric cooktops and refrigerator parts. This division benefits from over 30 years of expertise in production and injection mold technology, supported by advanced automated facilities. The Automotive Business Division includes Shinsung Automotive Co. Ltd. and Shinsung ST Co. Ltd., which mass produce and supply interior components and electric vehicle battery parts to domestic and international manufacturers. The SVC Business Division improves competitiveness by offering comprehensive “Total Logistics Services” to customers.
Simpson County Judge/Executive Mason Barnes expressed his excitement for the company locating to Franklin: “This $53 million investment by Shinsung ST USA represents a tremendous opportunity for Simpson County. The creation of 100 new jobs in the manufacturing of ESS battery heat sinks signifies a major step forward for our economic development and demonstrates the strength of our workforce. The company’s choice of a 300,000-square-foot facility in the Henderson Interstate Industrial Park highlights the attractiveness of our location and infrastructure. We are excited to partner with Shinsung ST USA and support their growth and success within our community.”
Franklin City Mayor Larry Dixon noted the positive impact the investment will have on the local economy and workforce: “Today marks a significant milestone for the city of Franklin. Shinsung ST USA’s decision to invest $53 million in our community and creating 100 high-quality jobs is a testament to our city’s business-friendly environment and skilled workforce. This state-of-the-art facility in the Henderson Interstate Industrial Park will not only provide substantial economic growth but also enhance Franklin’s reputation as a leader in advanced manufacturing. We are thrilled to welcome Shinsung ST USA and look forward to a long and prosperous partnership.”
Franklin-Simpson Industrial Authority Executive Director Jim DeCesare looks forward to developing a strong partnership between the company and community: “The Franklin-Simpson Industrial Authority is thrilled to announce Shinsung ST USA’s $53 million investment and the creation of 100 new jobs in our community. This significant project underscores the success of our collaborative efforts to attract leading-edge manufacturers. We are especially grateful to Gov. Beshear and the Kentucky Cabinet for Economic Development for their invaluable assistance in securing this investment. The strategic location in the Henderson Interstate Industrial Park showcases the park’s attractiveness to companies like Shinsung ST USA. We are committed to fostering a strong partnership to fuel our region’s long-term economic growth and prosperity for Simpson County.”