An Ohio County factory has announced a multi-million-dollar expansion.
On Friday, NEO Industries Inc., a world leader in surface technology for work rolls in steel and aluminum manufacturing, announced an expansion of its current operation in Beaver Dam with a $12.4 million investment creating 20 new full-time jobs and bringing to 50 the number of employees, the governor’s office said.
“Kentucky’s manufacturing sector continues to see unprecedented growth, creating well-paying job opportunities for communities throughout the commonwealth,” Beshear said. “NEO Industries has been serving the Kentucky manufacturing industry for over three decades, and the company’s commitment to expand and service the growing EV battery industry will further strengthen Kentucky’s position as a national leader in this market. I want to thank NEO’s leadership and look forward to their continued success in the commonwealth.”
The project will see the company expand its current manufacturing facility by over 30,000 square feet, bringing the total operating space to 47,000 square feet.
The increased space will allow for additional capacity to chrome plate rolls and for the installation of a high-precision grinder and polisher, officials said. This additional equipment will help the company directly service the rapidly expanding electric vehicle battery industry.
NEO was established in 1952 and the company pioneered work roll plating in 1964 and remains the supplier of choice for chrome plating, grinding and texturing work rolls today.
NEO’s Kentucky operation was established in 1993 and services a variety of steel, aluminum, and metals suppliers and manufacturers throughout the state. In 2021, the company started to develop the process to grind and chrome rolls to support the EV battery industry and plans to increase those efforts with this expansion.
By Ken Howlett, News Director
Contact Ken at ken@k105.com
