North America Stainless expanding Ghent facility

FRANKFORT, Ky. (AP) — Gov. Steve Beshear says North America Stainless plans to expand its facility in Carroll County.

In a news release, Beshear’s office says the stainless steel producer will invest $5 million to add a fourth steel slitter line at its plant in Ghent, adding 15 new jobs in the process.

The steel industry helps drive Kentucky’s economy, accounting for more than $1.4 billion in GDP and employing more than 4,000 people statewide.

Construction on the slitter line is expected to be completed in early 2016. Slitting is the process of cutting large rolls of steel into more narrow rolls. The stainless steel is used in appliances, plumbing, general manufacturing and food service.

North America Stainless is a subsidiary of Acerinox, S.A., headquartered in Madrid, Spain.

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