Mining & Smelting Co. Ltd. has formed Mitsui Kinzoku
Catalysts America Inc. to manufacture and sell automobile
catalysts in the United States.
Kentucky Gov. Steve
Beshear confirmed Aug. 19 that Tokyo-based Mitsui will invest
$19.5 million to lease and equip a facility in Frankfort, Ky.,
with operations scheduled to start in July 2015. It is expected
to create 50 full-time jobs.
Mitsui had been
focused on expanding in such developing countries as India and
Thailand. "However, demand for automobile production in North
America is still stable so, in response to the growing demand
for new technology in the United States, Mitsui Kinzoku has
decided to further expand its business by establishing a local
production and sales base," the company said.
economic incentives from the states Development Finance
Kentuckys auto industry employs nearly 80,000 people,
according to the state, including 37,000 people at more than
150 Japanese-owned companies.