Chandra Proteco Ltd. Lands, Invests in Butler County, KY
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 announcement was made in Butler County by Gov. Steve Beshear, who was joined by Kentucky Cabinet for Economic Development and company representatives.
“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.
Kentucky Copper will be located in a 163,000-square-foot facility on Veterans Way that will include warehousing, manufacturing and office space, as well as a technology center. The company will manufacture products used in power transformers, energy transmission and distribution applications, as well as high-speed trains. Three product lines will be phased in and will produce magnet wires, profile and trolley wires and continuously transposed conductors.
State Support, Incentives
The Kentucky Economic Development Finance Authority preliminarily approved Chandra Protecto Ltd. for tax benefits up to $6 million under the former Kentucky Rural Economic Development Act.
“We wish Kentucky Copper much success as they open their facility here in Butler County,” said Butler County Judge-Executive David Fields. “The Bowling Green Area Chamber of Commerce introduced this company to our community through our involvement in the South Central Kentucky partnership, and we appreciate their work on this project as Kentucky Copper is a welcome addition to Butler County, particularly because of the 106 new jobs it will create.”
“We're grateful for Kentucky Copper's investment of nearly $32 million in our community and we look forward to working with Kentucky Copper in the future. We wish them as much prosperity as possible as we welcome them into our community,” said Morgantown Mayor Eva Hawes. “We also thank the Bowling Green Area Chamber of Commerce’s work in bringing this project to our community.”
Morgantown and Butler County are members of the South Central Kentucky Economic Development Partnership and its international-award-winning Menu of Services Program, designed and led by the Bowling Green Area Chamber of Commerce. Through this partnership, the Chamber worked with the state to assist in locating Kentucky Copper in Morgantown, providing the services of tenured economic development professionals.
View a community profile for Morgantown for more information.