Mitsubishi Electric US (MEUS) has announced plans to expand manufacturing in Maysville, Kentucky. The company will invest $143.5 million to repurpose an existing manufacturing facility, which will be used to manufacture heat pump compressors. This will be the first U.S. factory to produce advanced twin-rotary variable capacity compressors, which are often manufactured in Asia. The project will create 122 new jobs for the surrounding area.
What people are saying
In a recent quote, Mike Corbo, president and CEO of Mitsubishi Electric US, said, “Mitsubishi Electric is grateful to the Commonwealth of Kentucky for providing incentives to ensure we maintain our manufacturing presence in the Bluegrass State. Creating technologies that support vibrant and sustainable societies is at our company’s core. This repurposed facility brings the production of compressors for our highly efficient heat pump systems here to the U.S., and with that new jobs and investments in technology that make American homes more comfortable, more sustainable and less expensive to heat and cool. This collaboration is a huge step toward many of our shared goals.”
Governor Andy Beshear added, “I had the privilege of meeting with Mitsubishi Electric’s leadership during last week’s economic development visit to Japan to discuss our longstanding partnership and how we can continue to grow together. We also discussed the unique opportunity presented by this project, and it is incredible news for the company and for the commonwealth. The establishment of this facility positions Mitsubishi Electric, a leader in all-climate heat pump systems, to take its business to the next level and emphasizes the importance of investing in companies that are committed to U.S. manufacturing. I want to congratulate the company’s leadership on their decision to reinvest in Kentucky.”
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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.
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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.