Denyo Manufacturing Corporation, a manufacturer of industrial electric generators located in Danville, Kentucky, announced a nearly $6.9 million investment in its Boyle County plant to modernize its manufacturing processes. The investment will allow the company to construct a new facility housing an advanced coating process to improve product quality and productivity while minimizing environmental impacts. With support from state economic development incentives, the project will help Denyo retain its existing 101 Kentucky jobs.

1. Commonwealth of Kentucky
Office of the Governor
FOR IMMEDIATE RELEASE Contact:Kerri Richardson
502.564.2611
502.330.6633
Terry Sebastian
502.564.2611
502.229.6130
Mandy Lambert
502.564.4886
Gov. Beshear Announces Denyo Manufacturing to Reinvest in Danville
Plant, Retain 101 Kentucky Jobs
Company’s nearly $6.9 million investment to entail construction of new facility
DANVILLE, Ky. (Sept. 6, 2011) – Governor Steve Beshear today joined community
leaders and officials from Denyo Manufacturing Corporation in Danville to announce the
company has chosen to invest nearly $6.9 million in its Boyle County plant to modernize
its processes and improve product quality. The investment, which was made possible by
the approval of state incentives, allows the plant to retain its existing 101 Kentucky
employees.
“Kentucky is now equipped better than ever to assist not only companies locating and
expanding in the Commonwealth, but also our existing companies that need to make
critical investments in their Kentucky operations to remain competitive and retain jobs,”
Gov. Beshear said. “Denyo Manufacturing employs just over 100 Kentuckians and
because of this nearly $6.9 million investment, these employees will continue to have
quality jobs at the Danville plant.”
Denyo Manufacturing manufactures, assembles and sells industrial electric generators.
The new investment will entail the construction of an additional facility to house a new,
technologically advanced coating process. The new process will help to minimize errors,
hazardous waste, air emissions, energy costs and flammable materials and increase the
quality of products and productivity. The project is expected to be completed by March
2012.

2. “This new equipment will allow us to coat larger parts, be more efficient and most
importantly, be much more environmentally friendly and allow us to produce a higher
quality product,” said Tetsuo Kawanishi, president and CEO of Denyo Manufacturing
Corporation. “We appreciate the continued outstanding support we have received from
Gov. Beshear and the Cabinet for Economic Development. Denyo’s approval for state
incentives played a huge part in our decision to expand our building and reinvest in new
process equipment. We are also thankful to Boyle County Judge-Executive Harold
McKinney, Danville Mayor Bernie Hunstad, Jody Lassiter and the Industrial Foundation,
as well as the entire Economic Development Partnership for always being a big asset to
us.”
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily
approved Denyo Manufacturing for tax incentives up to $783,000 through the Kentucky
Reinvestment Act (KRA). The program, which was expanded in the Governor’s
Incentives for a New Kentucky legislation in 2009, is designed to assist companies that
need to make significant capital investment in Kentucky facilities in order to remain
competitive.
KEDFA also approved Denyo for tax benefits up to $60,000 through the Kentucky
Enterprise Investment Act, which allows approved companies to recoup Kentucky sales
and use tax on construction costs, building fixtures, equipment used in research and
development and electronic processing equipment.
“The Danville facility, paint process and equipment are 15 years old, and it was necessary
for Denyo Manufacturing to modernize its manufacturing process to stay competitive and
improve the quality of their product,” said Economic Development Secretary Larry
Hayes. “Without the approval of KRA incentives, the project would most likely have
gone to the company’s Vietnam plant.”
“It’s gratifying to know that Denyo recognizes the solid work ethic of our community,”
said Sen. Tom Buford, of Nicholasville. “I appreciate their investment in our people.”
“Denyo Manufacturing has been an outstanding corporate neighbor for the last 15 years,
producing their 40,000 generator at their Boyle County plant,” said Rep. Mike Harmon,
of Danville. “Today’s expansion announcement is proof of that fruitful partnership
formed between Denyo and Boyle County in 1996, and everyone involved including the
employees at this facility should be applauded for their continued hard work and
contributions to our community.”
“On behalf of the citizens of Danville, I thank Denyo Manufacturing Corporation for
expressing strong confidence in our local workforce and business environment by
choosing to make a significant capital reinvestment in the company’s local facility,” said
Danville Mayor Bernie Hunstad. “We are a committed partner that supports the needs of
business and industry, and Denyo can count on us to help them in any way possible to
prosper and grow.”

3. “Denyo Manufacturing has been a valued corporate citizen in our county since 1995,”
said Boyle County Judge-Executive Harold McKinney. “Danville is home to Denyo’s
only manufacturing facility in the United States in what is an increasingly competitive
global market. Denyo’s capital reinvestment in our plant facility will introduce new
technologies and increase manufacturing capacity for future growth.”
For more information on Denyo Manufacturing, visit
www.denyo.co.jp/english/group/dmc.html.
Information on Kentucky’s economic development efforts and programs is available at
www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join
the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter
at www.Twitter.com/ThinkKentucky.
A detailed community profile for Danville (Boyle County) can be viewed at
http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=114.