# Nemak expands Glasgow plants with tax credit financing

Nemak is expanding its two plants in Glasgow, Kentucky, using $8.6 million in New Markets Tax Credit allocation from Enhanced Capital. The expansion includes upgrades to facilities, machinery, and technology such as robotics integration, to fulfill new contracts with automotive industry leaders.

- Type: Expansion
- Announced: 2017-05-25
- Where: Glasgow, Kentucky, United States
- Value: $8.60M
- Status: announced
- Products: aluminum automotive components, lightweighting solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nemak](https://endata.com/companies/20472.md)
- [Enhanced Capital](https://endata.com/companies/24524.md) (investor)

## Sources

- [enhancedcapital.com](https://enhancedcapital.com/news-item/enhanced-capital-supports-nemak-global-leading-auto-parts-manufacturer-rural-kentucky/), 2017-05-25: "Enhanced is pleased to support a project that will allow a business to grow and remain competitive in its industry far into the future."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.