The Kentucky Cabinet for Economic Development issued the following news release.
FRANKFORT, Ky. – With plans to reach 61 total employees in Boyd County, Danieli Corp. is adding to manufacturing operations and office positions at its current warehousing operations in Ashland, located alongside the former AK Steel property.
Gov. Andy Beshear thanked the company and welcomed the new jobs, which will focus on servicing, repairing and refurbishing steel mill equipment.
“The Ashland area has been hit hard economically. We’ve seen closings of a number of plants. This project, actually neighboring one of those former plants, is an exciting new opportunity that shows that there is not just hope, but there is a future reality with new and high-quality jobs,” said Gov. Beshear.”
Danieli, an Italian-owned metals-industry supplier employing more than 10,000 people globally, established a warehousing operation in Ashland early this year. Hiring for the second phase will occur across the coming 12 months with manufacturing operations set to begin in fall 2021.
Founded in Brescia in 1914 as one of the first electric steelmaking companies in Italy, Danieli eventually relocated in 1929 to the town of Buttrio, where brothers Timo and Mario Danieli began manufacturing hand tools and farming equipment. The operation became the hub of the Danieli Group and grew to become one of the largest producers of equipment for the metals industry worldwide. Today, the Danieli Group encompasses more than 25 divisions and continues expanding in digital innovation, aluminum, steel, robotics and process automation and control systems.