PEAK Precision Manufacturing has announced plans to open a new manufacturing facility in Bowling Green, Kentucky. The company, which manufactures precision-machined components, will invest $3 million into the project, creating 24 new jobs. The 21,000-square-foot leased facility will feature new production equipment, and operations are expected to begin in 2025.
What people are saying
In a recent quote, Kyle Allen, president of PEAK Precision, said, “PEAK Precision Manufacturing is poised to be a great addition to the Bowling Green industrial community. We are incredibly grateful for the support from both the state and local levels, helping make this initial transition seamless from the beginning. We look forward to serving industrial manufacturers both locally and globally for many years to come.”
Steve Allen, PEAK Precision CEO, added, “Our team is ready to leverage our expertise in CNC machining and mass production to meet pressing manufacturing needs within our industry. We have been fortunate to secure initial contracts during the start-up phase, and we look forward to utilizing our outstanding leadership team to help take this company to new heights in a very short amount of time.”
Manufacturers investing in Kentucky
Hydro invests $85 million to add new casting line to Kentucky facility
The new line will be used to supply American automakers with high-quality components.
Mitsubishi Electric invests $143.5 million on heat pump compressor manufacturing plant in Kentucky
This will be the first U.S. factory to produce advanced twin-rotary variable capacity compressors.
Toyota increases investment in Kentucky facility to $1.3 billion to produce battery electric vehicles
Last year, the company shared that it would invest $591 million into the Toyota Motor Manufacturing, Kentucky facility to establish the company’s first U.S.-assembled battery electric vehicle.
Investing in American manufacturing in 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.