Astemo Americas, a division of global automotive technology leader Astemo, announced a $112 million expansion of its Madison County, Kentucky, operation, which is expected to create 114 new jobs.
This initial investment represents the first phase of a larger project with a potential scope of $379 million and up to 282 total jobs, marking what would be the largest private-sector investment in Madison County in two decades. The expansion will add nearly 300,000 square feet of operational space across Astemo Americas' two existing Berea facilities, along with facility upgrades and new equipment to boost production capabilities for EV motors.
Governor Andy Beshear highlighted the project's significance for Kentucky's advanced manufacturing and electric vehicle (EV) sector. "Kentucky continues to lead the way when it comes to advanced manufacturing and EV operations and this project represents another great company choosing to reinvest in the commonwealth," said Gov. Beshear. "The expansion will create 114 new job opportunities for Kentucky workers and their families."
Tim Clark, president and CEO of Astemo Americas, emphasized Kentucky's long-standing role in the company's U.S. operations, which began in 1985. "Since then, we have expanded to three plants, making the state a core driver of our North American operations," Clark said, acknowledging support from the Kentucky Economic Development Finance Authority for the Berea expansion.
Berea Mayor Bruce Fraley noted the "generational impact" of the investment, creating quality career opportunities and strengthening the region's workforce. Donna Angel, City of Berea Director of Business and Economic Development, added that the expansion validates the city's pro-growth strategy and enhances its manufacturing footprint.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved incentive agreements for the project in April 2026, supporting the state's ongoing economic growth, which has seen over $50.7 billion in announced investments and more than 70,000 jobs created during Gov. Beshear's administration.