January 2010

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General Electric adding 430 jobs in Louisville
Healthcare company to create 57 Louisville jobs
Achieve CCA expects to have more than 200 employees in Louisville
BJK plans to expand building, work force and technology
Former Hesco Parts workers starting RPD Manufacturing
Yum's Novak makes Harvard best CEO list


General Electric adding 430 jobs in Louisville

Officials with GE Consumer and Industrial plan to invest $80 million and add as many as 430 jobs in Louisville as the company prepares to expand its manufacture of so-called "smart" appliances.

During a recent news conference the company said it would begin manufacturing a line of smart front-load washers and dryers in 2012.

The company previously announced in May of last year that it will produce a hybrid water heater at Louisville's Appliance Park by 2011, creating as many as 420 jobs. Read more.

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Healthcare company to create 57 Louisville jobs

RecoverCare, a wound-care and bariatric equipment distributor, will move its corporate headquarters from Philadelphia to Louisville following its merger with Louisville's MedaSTAT USA.

The merged company will retain about 75 MedaSTAT jobs and add 57 jobs to the Louisville area.

The company has more than 750 employees nationwide and operates 158 service centers. Its products include special mattresses, bed frames, lifts and other equipment for patients who have chronic wounds or are obese. Read more.

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Achieve CCA expects to have more than 200 employees in Louisville

Chalk up another economic development victory for Louisville.

On the heels of major announcements by General Electric Co. and RecoverCare LLC, another company has selected the city as the place to expand its operations.

Achieve CCA Inc., a two-year-old company that provides debt-management services and financial consulting to health care clients, plans to establish its corporate headquarters and a call center here.

The company, which was founded in Evansville, Ind., eventually could bring as many as 205 jobs to the city. Read more.

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BJK plans to expand building, work force and technology

With a conservative financial approach and customers across the United States, Louisville-based plastic-packaging maker BJK Industries Inc. is growing despite the down economic cycle.

So much so that BJK officials are considering a $5.4 million project in which the company is "positioning ourselves to expand our technology and capacity," said Jim Schandle, the company's president.

The project is a two-part plan. The first part calls for expanding the facility BJK owns In West Louisville. The second part of the project would involve adding new technology, then adding 10 workers to its 72-person work force. The average hourly wage for the news workers would be $24. Read more.

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Former Hesco Parts workers starting RPD Manufacturing

Former employees of Hesco Parts LLC, Bob Mengelberg and Bill McPherson, along with an investor, are trying to build a new company out of the remains of the longtime Louisville business, which ceased production this summer.

The partners have formed RPD Manufacturing LLC, which received preliminary approval from KEDFA for $500,000 worth of state tax incentives for up to 10 years.

The company plans to add 25 jobs with an average hourly wage of $20.

The new company will supply starters, alternators and air-conditioning compressors for John Deere, plus air-conditioning compressors for Volvo Construction Equipment North America Inc. Read more.

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Yum's Novak makes Harvard best CEO list

Yum's Brands Inc.'s David Novak is in good company, ranking among the world's best-performing chief executives, according to the Harvard Business Review.

Apple Inc.'s Steve Jobs led the ranking, followed by Yun Jong-yong of Samsung Electronics, Alexey Miller of Russian energy company Gazprom, John C. Martin of Gilead Sciences and Mukesh Ambani of India's Reliance Industries.

Novak, who is chairman, president and CEO of restaurant giant Yum, was the only Kentucky company leader to make the list, ranking No. 78. Read more.

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