What's Happening?
Kinemetrix, a robotic automation company based in Lexington, has announced a $4 million expansion of its facility, which will add 12 new jobs to its workforce. This expansion is aimed at supporting the
automated manufacturing industry and the growing electric vehicle (EV) supply chain in the region. The company specializes in developing automated systems for robotic assembly of EV components and other manufacturing processes. The expansion, which began in January 2024, has already doubled the company's capacity and increased revenues by over 50% since 2023. This move is part of a broader trend in Kentucky, where significant investments in EV-related projects are underway, including Ford Motor Co.'s $6 billion battery park and AESC's $2 billion battery factory.
Why It's Important?
The expansion of Kinemetrix's facility is significant as it aligns with Kentucky's strategic focus on becoming a hub for electric vehicle manufacturing. The state's investment in EV infrastructure is expected to create thousands of jobs and stimulate economic growth. By enhancing its capacity, Kinemetrix is positioning itself to meet the increasing demand for automated manufacturing solutions in the EV sector. This development not only supports the local economy by creating skilled jobs but also strengthens the region's manufacturing ecosystem, which includes major projects in Kentucky, Tennessee, and Ohio. The expansion reflects the broader shift towards sustainable transportation and the growing importance of automation in manufacturing.
What's Next?
Following the expansion, Kinemetrix plans to continue building its internal teams and developing new robotic assembly technologies. The company aims to further increase its capacity to serve the accelerating manufacturing growth in the region. Kentucky's government and local leaders have expressed support for the expansion, highlighting its potential to create quality job opportunities and drive economic development. As the EV industry continues to grow, Kinemetrix is expected to play a crucial role in supporting the supply chain and contributing to the state's economic prosperity.
