STOBER Drives Inc., a producer of gearbox and servo motors, will expand operations in Maysville, Kentucky with a $5 million investment that will create 35 full-time jobs.
“Kentucky has created an environment that supports businesses looking to expand their manufacturing operations, and once again, we’re reaping the benefits in investment and great jobs,” said Gov. Beshear. “STOBER Drives Inc. is great company producing high-quality products right here in the commonwealth for customers all over the world. I want to thank STOBER leadership for their continued belief in Kentucky and all it has to offer, and I look forward to the company’s continued success.”
The $5 million investment will allow the company double the acreage of its current facility in Maysville to 14 acres. The expansion will include the addition of equipment to help increase manufacturing operations, as well as conversion of a portion of the current office space to become an employee training facility. The project will create 35 quality jobs and will bring the company’s total Kentucky employment to 159 employees.
“At STOBER, we are extremely fortunate to have chosen Maysville, Kentucky, as our North American manufacturing location more than 30 years ago,” said Peter Feil, STOBER’s general manager. “We have benefitted from an awesome workforce here in Maysville, as well as great support from local and state government. Our proximity to Maysville Community and Technical College, as well as Morehead State University and Northern Kentucky University, has allowed us to provide great educational opportunities to our employees. These institutions have been instrumental in supporting our thriving apprenticeship program, for instance. We are very proud to call Maysville and Kentucky home, and we look forward to a bright future as we continue to expand here in Maysville.”
STOBER Drives is a world leader in the manufacture of gearboxes and servo motors. Founded in 1934, STOBER has focused on building the best mechatronic solutions for any application for over 85 years. In 1991, the company established a presence in Kentucky when it opened a subsidiary in Maysville. In 1993, STOBER succeeded as the first supplier in the world to directly marry high-precision planetary gear units with dynamic servo motors. Today, the company produces NEMA gear units, inline servo gear units, right angle gear units and rack and pinion drives to serve industries such as aerospace, automotive manufacturing, packaging, robotics and food processing.
STOBER Drives’ growth builds on Kentucky’s manufacturing prowess, which in 2021 saw companies announce 13,900 new jobs in the commonwealth behind $10.5 billion in new investments. Statewide, manufacturers operate nearly 5,000 facilities employing approximately 250,000 residents.
Mason County Judge/Executive Owen McNeill highlighted the company’s commitment to the region’s workforce and continued growth.
“I’m incredibly proud of our partners at STOBER and this upcoming expansion,” Judge McNeill stated.” This announcement underscores not only STOBER’s growth and momentum, but that they’re always focused on the future and a wholistic approach to growth. This expansion not only focuses on new production equipment, but STOBER’s commitment to continuous training and workforce development highlighted by their investment in state-of-the-art training and simulation equipment. We greatly appreciate the STOBER Family and organization, as well as Peter Feil, Chris Bauer and Chris Breeze for their commitment to Maysville and Mason County, Kentucky.”
Jodi Ashby, executive director of the Maysville-Mason County Industrial Development Authority, is excited about the project and continued momentum it will bring to the area.
“STOBER Drives is truly an outstanding and forward-thinking company here in Maysville. STOBER’s success rests in their workforce practices. They can continue to grow and thrive at rates unprecedented due to their understanding of human motivation,” Ashby said. “They are very purposeful in people management for the greatest long-term return on investment for everyone. I am personally excited for this to be my first official expansion announcement since accepting the role of executive director of MMCIDA, and it is a proud moment for all of us. Working with the STOBER team continues to be a joy, and I look forward to their future expansions and innovations. This is just one of many milestones to come for STOBER and Maysville!”
For more information on STOBER Drives Inc., visit STOBER.com.
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