Japanese company to open facility in Corbin

FRANKFORT, Ky. (AP) — A Japanese metalworking and treatment company says it will spend $8.6 million to hire 30 employees and open a facility in Corbin to indirectly supply parts for Toyota vehicles.

Kowa Kentucky, a wholly owned subsidiary of Kowa Kogyosho, announced the facility Monday in a news conference with Democratic Gov. Steve Beshear and Republican state Senate President Robert Stivers. The company plans to have its facility open by August of 2015 and begin production in January 2016.

State officials have approved state tax incentives for the company worth up to $600,000 depending on the number of jobs the company creates and how much money it invests in Kentucky.

More than 160 Japanese companies have offices in Kentucky employing more than 43,000 people statewide.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.