A manufacturer that creates graphite electrodes to service the steel industry plans to invest $25 million dollars to upgrade an existing plant in Fulton County.
Officials with Japan-based Tokai Carbon GE LLC in a release Thursday said the investment will buy new equipment for a current plant in Hickman, which could create up to 15 full-time jobs.
The Kentucky Economic Development Finance Authority also approved a 15-year agreement to provide $500,000 thousand dollars in tax incentives to Tokai Carbon if the company meets specific goals. Those goals include creating jobs with an average hourly wage of $29 dollars.
Tokai Carbon has operated in Hickman since 1990, and currently employs 50 people in Kentucky and Arkansas.
