Watch Gov. Mike Parson speak during the event. EDITOR’S NOTE: The company is using tax incentives other than tax credits for the expansion.
JEFFERSON CITY, Mo. (KMIZ)
Hitachi Energy announced on Tuesday plans to invest more than $10 million in its Jefferson City factory.
The company made the expansion announcement during a visit by Gov. Mike Parson. “Hitachi Energy’s expansion in Jefferson City is an important development for the company and the State,” Gov. Mike Parson said in a news release from Hitachi.
Hitachi Energy plans to use the investment to create a production line for larger distribution transformers. The new transformers are expected to be used for renewable power generation and for data centers. The factory employs about 950 people.
The project is making use of state tax breaks under the Missouri Works program, which provides companies with state incentives for new jobs.
Hitachi Energy is also celebrating its 50th anniversary in Jefferson City. The factory creates liquid-filled and submersible distribution transformers for the electric grid, commercial buildings and industrial facilities.
The company started operations at its more than 600,000 transformer manufacturing factory in 1972.
