Denyo Manufacturing Corporation (DMC) is planning a major expansion to its facilities and operations in Danville, KY. The company will invest $8.7 million for construction of an additional building and purchase of new equipment, adding up to 90 new jobs.
A new 63,000-square-foot facility will be built on the current Denyo campus for fabrication of sheet metal components used in generator and air compressor assembly. The new facility will include state-of-the-art equipment for cutting, bending, and welding of steel for complex structural components on-site. The expansion is planned to be fully operational by October 2018.
“Adding sheet metal fabrication on-site is the next step in growing the capability of Denyo’s Danville facility,” said Toru Hiroi, DMC Chief Executive Officer. “It is a significant step in enhancing the productivity and cost-effectiveness of our facility. This investment is an indication of our confidence in and appreciation for our employees and the Danville community.”
“I have been privileged to be a part of the Denyo story in Danville since the very beginning,” said Joey Harris, DMC Plant Manager/Director. “This expansion is the latest in a series of investments intended to keep Denyo’s products the best in the marketplace. It is also a vote of confidence in our employees, the Danville-Boyle County community, and the Commonwealth of Kentucky.”
The Kentucky Economic Development Finance Authority (KEDFA) has preliminarily approved state financial incentives in the amount of $700,000 for a portion of Denyo’s expansion project. Denyo intends to also request local financial incentives to support its entire project.
“Denyo has been a valued corporate citizen in Boyle County since 1995, during which time it has grown through several significant expansions if its facilities and operations,” said Boyle County Judge-Executive Harold McKinney. “The greatest testimony for our local business environment is not just when a company decides to locate here, but when a company expresses its confidence in our community by reinvesting again and again. We thank Denyo for their confidence in us.”
Established in 1995, DMC is the only Denyo manufacturing facility located in North America, with sister facilities in Fukui and Shiga, Japan, as well as Indonesia and Vietnam. DMC’s Danville facility assembles engine-driven generators that are designed for continuous, long-term service.
“We welcome the news of Denyo’s continued growth,” said Danville Mayor Mike Perros. “It is remarkable that Denyo’s only operation in the Western Hemisphere is located and expanding right here in Danville, when it could choose to operate anywhere to serve the North American market. This is a testament not only to our community’s strong support of local industry, but also to the quality and productivity of our workforce.”
“Good relationships are vital to the retention and expansion of industry in a competitive world economy,” said Jody Lassiter, President/CEO of Develop Danville, Inc. “We value our long-standing and close relationships with Denyo’s local management and corporate leadership teams. When I met with Denyo’s top company executives in Tokyo earlier in April with Governor Matt Bevin and Economic Development Secretary Terry Gill, I believe together we sent a strong message of support for the company’s future growth that encouraged this result.”
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