• Sign Up
    • Yearly by Check
    • Monthly Recurring
  • About
  • Advertise
  • Contact Us
  • Account
  • Log In
The Hendersonian
  • Home
  • News
    • All
    • Agriculture
    • Business
    • Local
    • Police
    • Politics
    • Schools
    • Science
    • Sports
    • State
    • World
    United Way will assist local governments in doling out grants

    United Way’s campaign asks what does ‘United is the Way’ mean to you

    Fiscal court moves closer to approving $7.5 million addition to the county jail

    Fiscal court moves closer to approving $7.5 million addition to the county jail

    Street-legal special purpose vehicles allowed on county roads in unincorporated areas

    BRIEF: Fiscal court approves road repairs; meets new Humane Society executive director; hears solar panel questions from concerned citizen

    Inner City Improvement Plan committees share draft proposals

    To help with housing shortage, city starts process of allowing tiny homes

    Judge-Exec issues burn ban

    Judge-Exec issues burn ban

    Of Public Record in September’s print issue

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    In some parts of the U.S., the grid of the future might be closer than you think

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    August 2025 Athletes of the Month: Meryl Grogan and Alex Bowley

    August 2025 Athletes of the Month: Meryl Grogan and Alex Bowley

    Cols grit it out for tough victory over Henry Clay 19-16

    Cols grit it out for tough victory over Henry Clay 19-16

    The Gathering Place’s Senior Games start Monday

    The Gathering Place’s Senior Games start Monday

    The temperature (and big movies) will fall this September

    The temperature (and big movies) will fall this September

    Grogan picks up inaugural Athlete of the Week award

    Grogan picks up inaugural Athlete of the Week award

    Cols fall 44-21 in season-opening loss

    Cols fall 44-21 in season-opening loss

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Local residents shouldn’t have any health concerns from Newburgh chemical fire, says OEM director

    Local residents shouldn’t have any health concerns from Newburgh chemical fire, says OEM director

    Enjoy this soup made with fresh sweet corn

    Enjoy this soup made with fresh sweet corn

    Kratom faces increasing scrutiny from states and the feds

    Kratom faces increasing scrutiny from states and the feds

    Mixed berry trifle: Cake, whipped topping and berries on repeat

    Mixed berry trifle: Cake, whipped topping and berries on repeat

    Kentucky’s first state park boasts beauty, pomp and a legend

    Kentucky’s first state park boasts beauty, pomp and a legend

    Grants available from Deaconess Henderson Hospital Community Program Fund

    Hospital CAO: Deaconess Henderson will not close

    Trending Tags

  • Public Notices
No Result
View All Result
  • Home
  • News
    • All
    • Agriculture
    • Business
    • Local
    • Police
    • Politics
    • Schools
    • Science
    • Sports
    • State
    • World
    United Way will assist local governments in doling out grants

    United Way’s campaign asks what does ‘United is the Way’ mean to you

    Fiscal court moves closer to approving $7.5 million addition to the county jail

    Fiscal court moves closer to approving $7.5 million addition to the county jail

    Street-legal special purpose vehicles allowed on county roads in unincorporated areas

    BRIEF: Fiscal court approves road repairs; meets new Humane Society executive director; hears solar panel questions from concerned citizen

    Inner City Improvement Plan committees share draft proposals

    To help with housing shortage, city starts process of allowing tiny homes

    Judge-Exec issues burn ban

    Judge-Exec issues burn ban

    Of Public Record in September’s print issue

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    In some parts of the U.S., the grid of the future might be closer than you think

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    August 2025 Athletes of the Month: Meryl Grogan and Alex Bowley

    August 2025 Athletes of the Month: Meryl Grogan and Alex Bowley

    Cols grit it out for tough victory over Henry Clay 19-16

    Cols grit it out for tough victory over Henry Clay 19-16

    The Gathering Place’s Senior Games start Monday

    The Gathering Place’s Senior Games start Monday

    The temperature (and big movies) will fall this September

    The temperature (and big movies) will fall this September

    Grogan picks up inaugural Athlete of the Week award

    Grogan picks up inaugural Athlete of the Week award

    Cols fall 44-21 in season-opening loss

    Cols fall 44-21 in season-opening loss

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Local residents shouldn’t have any health concerns from Newburgh chemical fire, says OEM director

    Local residents shouldn’t have any health concerns from Newburgh chemical fire, says OEM director

    Enjoy this soup made with fresh sweet corn

    Enjoy this soup made with fresh sweet corn

    Kratom faces increasing scrutiny from states and the feds

    Kratom faces increasing scrutiny from states and the feds

    Mixed berry trifle: Cake, whipped topping and berries on repeat

    Mixed berry trifle: Cake, whipped topping and berries on repeat

    Kentucky’s first state park boasts beauty, pomp and a legend

    Kentucky’s first state park boasts beauty, pomp and a legend

    Grants available from Deaconess Henderson Hospital Community Program Fund

    Hospital CAO: Deaconess Henderson will not close

    Trending Tags

  • Public Notices
No Result
View All Result
The Hendersonian
No Result
View All Result
Home News Business

Hydro Aluminum expansion will bring 31 new jobs

Vince Tweddell by Vince Tweddell
June 3, 2024
in Business, Local, News
0
Hydro Aluminum expansion will bring 31 new jobs

Hydro Aluminum facility on Riverport Road (Photo from Hydro Henderson website)

0
SHARES
170
VIEWS
Share on FacebookShare on Twitter

Local company Hydro Aluminum will expand its Henderson facility on Riverport Road with an $85 million investment that will include adding 31 new jobs.

According to a release from Henderson Economic Development, Hydro will expand its current facility by 80,000 square feet, bringing the total operational square footage to nearly 200,000.

In the new addition, the company will introduce HyForge technology to the Henderson plant, which is a technique already in use at the company’s primary plant in Norway and recycling plant in Germany, said the release.

According to its website, Hydro has 140 factories in 40 countries and employs 32,000 people worldwide.

The new HyForge casthouse at the Henderson facility is expected to become operational in 2026, said the release. It will produce smaller diameter billets using a lot of end-of-life scrap, said the release.

With the 31 new jobs, the local facility will employ 91 people, said Henderson Economic Development Executive Director Missy Vanderpool.

Vanderpool said her organization—and specifically Whitney Risley, who is economic development director of existing industries—worked for about a year to get this expansion done at the local plant.

Vanderpool said it was a competitive process that pitted the Henderson facility against another Hydro facility in Michigan. She attributed the company’s decision to expand in Henderson to competitive state and local incentive packages.

Regarding state incentives, the Kentucky Economic Development Finance Authority preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program, according to the HED release.

It’s a performance-based agreement that can provide up to $1 million in tax incentives based on the company’s investment of $85 million, said the release. For the company to receive the incentives, it must maintain 31 full-time jobs for 10 years that pay an average hourly wage of $40.50 including benefits, said the release.

Without including benefits, the pay is equal to $29.50 per hour, Vanderpool said.

Additionally, KEDFA approved Hydro for up to $150,000 in tax incentives through the Kentucky Enterprise Initiative Act, said the release.  

On the local level, Henderson County Judge-Executive Brad Schneider said county government will waive the construction permit fee, which totals about $12,800, and is granting a rebate to the company on the 1% occupational tax on each of the 31 new employees for 10 years. He said over that period, the company will get back more than $190,000 from the occupational tax rebate.

Vanderpool also said Hydro has a great relationship with a strong local workforce, another reason for the company choosing to expand at the Henderson facility.

The amount of electric vehicle and vehicle battery manufacturers in the state also played a role in the local expansion, Vanderpool said. The new building will produce billets that will be used for electric vehicle production, she said.

“Hydro Henderson has been at the forefront of producing recycling-based automotive products for nearly 20 years,” Hydro President and CEO Eivind Kallevik said in the release. “We work closely with the automotive industry, and introducing Hydro’s HyForge technology will provide Hydro and our partners with a greener advantage. Made in America.”

Correction: In a previous version, it was reported that Hydro’s occupational tax rebate on 31 new employees would be about $19,000 over a ten-year period. That is incorrect. The occupational tax rebate, part of the county government’s incentive, will be about $190,000. The Hendersonian regrets the error.

Previous Post

Drag race that led to woman’s death was unplanned

Next Post

Visitors spent more than $95 million here last year

Vince Tweddell

Vince Tweddell

Vince Tweddell is the founder, publisher and editor of the Hendersonian.

Next Post

Visitors spent more than $95 million here last year

  • Sign Up
  • About
  • Advertise
  • Contact Us
  • Account
  • Log In

© 2025 The Hendersonian • Henderson, KY 42420

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Public Notices
  • Sign Up
  • About
  • Advertise
  • Contact Us
  • Login

© 2025 The Hendersonian • Henderson, KY 42420