KY: Camtech Manufacturing Opens New HQ in Science Hill
24 May, 2017
Camtech Manufacturing Solutions LLC, a factory automation, machining and custom engineering services provider, opened a new headquarters in Science Hill, allowing the company to grow from five to 20 employees. The expansion consisted of a $2.8 million investment.
Camtech designs, engineers, builds and installs robotic cells that automate production for factories. The custom-built 16,200-square-foot facility in Science Hill provides more than twice the production and engineering space as its previous building in Somerset and nearly four times the office space.
The additional room is translating into more customers, company revenue and employees. As well, Camtech is expanding its parallel lines of business, including machining of custom parts, fabrication of factory-floor structures – such as decks, ladders, enclosures and mezzanines – design services and on-site engineering support for a range of manufacturing industries.
Chris Daniels founded Camtech in 2009. Relying on his connections with Japanese automotive suppliers, Daniels built a reputation for designing and assembling systems that integrate robotic processes with production lines.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in June 2015 gave the company final approved for tax incentives up to $300,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Camtech can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal 2016, the Kentucky Skills Network provided training for nearly 95,000 Kentuckians and 5,000 companies from a variety of industry sectors.