Friday February 8, 2013
Mayor Greg Fischer was on site this morning to congratulate the employees of Cinetic Sorting Corp on developing new business contracts that will create new jobs.
Cinetic — a locally-founded company that is now part of the Fives Group’s international network of industrial engineering, equipment production and materials handling firms, — will add as many as 13 new technical positions to their current workforce of 88 employees.
In addition to the jobs, which are projected to add more than $800,000 to the payroll, Cinetic’s expanded production facilities represent an investment in the community of nearly $400,000.
“There’s nothing more exciting than watching our locally-based companies expand and grow,” Fischer said. “It is proof positive that we offer the kind of strong business climate that supports their efforts and provides a positive future for our citizens.”
Last March, the Kentucky Economic Development Financial Authority approved Cinetic city and state incentives, totaling $200,000 for up to 10 years, for the expansion.
“Cinetic Sorting Corporation is a reliable resource here in Kentucky, because it helps other companies remain competitive in today’s fast-paced global marketplace,” Governor Steve Beshear said. “The Commonwealth is thrilled to partner with Cinetic, and we’re excited to see the company grow, adding at least 13 jobs and investing more than $385,000 in this project.”
Started in Louisville in 1956 as Seamco, Cinetic Sorting Corp is a full-service industrial engineering firm providing high speed materials handling systems and equipment to the postal, distribution, baggage handling, freight forwarding and courier markets. Cinetic’s customers include the United States Postal Service, UPS, FedEx, DHL, United Airlines, Amazon, Williams Sonoma and Federated Department Stores.
“Cinetic’s growth is particularly exciting because it represents growth in our distribution and logistics sector which is one of our community’s economic development priorities,” Said Greater Louisville Inc. President and CEO Craig Richard.
In 2007, Cinetic was purchased by France-based Fives Group, an industrial engineering network of companies located throughout 30 countries and representing 6,100 employees. The Fives Group traces its history back 200 years and includes such iconic engineering projects as the metal framework of the Orsay train station and the elevators of the Eiffel Tower, both located in Paris.
“Overall demand for our material handling solutions is growing rapidly. The Louisville area is an excellent location for Cinetic with respect to access to engineering talent and production of our systems that are sold throughout the NAFTA region,” said Chris Gatz, Cinetic Sorting Corp vice president of sales. “We are an industrial engineering company and proud that our solutions help our customers improve their processes and increase their bottom line results.”
For more information, go to www.sorting.com or www.fivesgroup.com.