FRANKFORT, KYÂ â Gov. Andy Beshear opened his COVID-19 briefing Tuesday with an announcement of a new joint venture between two international manufacturing companies that will bring 37 well-paying jobs to Murray, Kentucky.Â
German manufacturing company iwis has had a facility in Murray since 2015, which was the companyâs first U.S. operation for production of timing drive systems for engines. Â
Beshear said iwis is partnering with Daido Corp. â the American subsidiary of Japanese company Daido Kogyo Co. Ltd. â based in Portland, Tennessee.
The two companies are partnering for a new investment that will add more than 10,000-square-feet to the Murray facility to make engine chains for major auto manufacturers. Daido Corp will relocate its automotive operations from Portland as part of the venture. The two companies expect the expansion to be complete by the end of 2022.Â