Trax is partnered with global manufacturing sources, and will be performing final fabrication and assembly of product for its aftermarket and OEM channels for the commercial truck and trailer market.
Trax’ new facility is expected to reach over 100 employees during the next 18 months, with its first products being shipped to customers within two months. The company received approval from the Kentucky Economic Development Finance Authority for up to $2 million in state tax incentives under the Kentucky Business Investment Program, a 10-year incentive program administered by the Kentucky Cabinet for Economic Development.
Said Sergio Carvalho, President and CEO of Trax Mechanical Systems, “Our new facility will have a national and global reach and will provide solid career positions for our team of talented employees.”
Being close to its vehicle manufacturer customers, as well as easy transport to various global destinations played a role in Carvalho’s decision.