The India-based company is investing $32 million in a copper cable manufacturing facility in Morgantown.
Gov. Steve Beshear of Kentucky, Cabinet for Economic Development representatives, and officials in Butler County have announced India-based Chandra Proteco Ltd. will start up a manufacturing operation in Morgantown under the name Kentucky Copper Inc.
The new company will create 106 new jobs and invest nearly $32 million in the Commonwealth.
“The start-up of Kentucky Copper in Morgantown will create more than 100 direct jobs and a tremendous economic boost for not only Butler County, but for all of south central Kentucky,” said Gov. Beshear. “Kentucky is proud to partner with Chandra Proteco on this new investment and will continue to work with the company to establish and grow its operations in the Commonwealth.”
Chandra Group has been in the field of copper and copper cable business for more than 40 years, and specializes in transposed cable and railway cables for traction. With more than 500 employees in India, the company’s facilities are spread over India, Europe, Africa and China.
“We are delighted to bring the extensive experience of our parent company, Chandra Copper, to Kentucky along with a commitment to be an active part of the community and the Commonwealth of Kentucky,” said Mukul Gupta, president of Kentucky Copper.