Monthly Archives - April 2016

2016 Legislative Update…Sine Die

The Kentucky General Assembly adjourned the 2016 Regular Session shortly before midnight on Friday, April 15. Before adjourning the 60th and final legislative day, the General Assembly brought several issues to final conclusion, but most importantly, gave final passage to the state’s next biennial budget, HB 303, and highway construction plan, HB 129 and HJR 160. The budget highlights include: More than $1 billion dollars to shore up underfunded public employee pensions, including nearly $500 million that will be in the [...]

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Calgon Carbon Plans to Aquire CECA,a Subsidiary of Arkema Group

Calgon Carbon Corporation (NYSE: CCC) (Calgon Carbon, or the Company) announced today that it has made a binding offer to acquire the wood-based activated carbon, reactivation and mineral-based filtration media business of CECA (the Activated Carbon and Filter Aid Business, or the Business). The transaction is valued at €145.5 million ($160.1 million)(1), which includes a cash purchase price of €137.7 million ($151.5 million)(1), and the assumption of unfunded pension liabilities. The completion of this transaction is subject to various [...]

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New KET Documentary Profiles Ashland Oil’s John Hall

From the academic halls and the gridiron at Vanderbilt University to the competitive business world at Ashland Oil (now Ashland Inc.), Texas native John Hall has thrived on competitiveness, tenacity and compassion. A new documentary, John Hall: The Kentucky Commodore, premiering Tuesday, April 26 at 8/7 pm on KET, relays Hall’s life, business career and extensive philanthropic work. Hall’s rise to the helm of Ashland Oil began in 1957, when he was hired by the company to do research and [...]

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Eagle Press America to open plant in Franklin

Governor Matt Bevin announced today that Eagle Press, a manufacturer of industrial presses and stamping equipment, will bring a manufacturing component from Canada to Kentucky. Eagle Press plans to invest more than $1 million in Franklin to build its new facility and purchase equipment. The project will create an estimated 10 new full-time jobs in Simpson County. “Eagle Press is a welcome addition to Kentucky’s diverse manufacturing portfolio,” said Governor Bevin. “The nearly six decades of experience Eagle Press brings to [...]

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Three Kentucky Manufacturers Recognized with National Awards for Investment, Community Impact

Governor Matt Bevin today congratulated three Kentucky manufacturing operations on receiving Corporate Investment & Community Impact (CiCi) Awards from Trade & Industry Development magazine. In its 11th annual CiCi awards, the magazine recognized some of the state’s largest economic development projects announced last year. It presented Corporate Investment commendations for job-creation and investment announcements made last year to Ford Motor Co.’s Kentucky Truck Plant (KTP) in Louisville and the General Motors Corp. Bowling Green Assembly Plant. It also honored North [...]

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2016 Legislative Update…Week 13

The General Assembly finished their 59th Legislative Day on Friday beginning the Veto Recess, a period of time when legislators return home while the Governor considers vetoing any legislation that has passed both chambers. Both House and Senate set their return date from the Veto Recess for April 12 @ 11:00 am, when they will convene for the final day of the regular legislative session. The biggest issue of the 2016 Session, passage of a state budget, remains unresolved as [...]

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Kentucky Organizations Receive EPA Honors for Energy Efficiency

Kentucky Energy and Environment Cabinet (EEC) Secretary Charles G. Snavely today announced that Toyota Motor Engineering and Manufacturing North America, (TEMNA) Inc., is among six Kentucky organizations to receive the U.S. Environmental Protection Agency (EPA) ENERGY STAR Partner of the Year awards for 2016. Toyota received the prestigious Sustained Excellence Award by delivering outstanding energy and environmental programs for 12 consecutive years. Also receiving Sustained Excellence awards were: The Kentucky School Boards Association, Frankfort, KY., Kenton County School District, Fort [...]

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