Plant Maintenance Engineering (PME) Babbitt Bearings
[
website]
is reportedly seeking to add a fourth location, in the Maysville, Kentucky area.
The company has operations in Atlanta, Georgia; Cincinnati, Ohio; and Reno, Nevada.
PME manufactures -- through centrifugal casting and static pour -- machines, grinds, and
inspects and refurbishes babbitt bearings, thrust plates, pressure seals and similar
heavy-duty babbitt applications.
The company also offers 24-hour availability to repair all types of babbitt applications where
downtime is costly and disrupts production -- power turbines and generators,
nuclear facilities, mills, marine, mining, pulp and paper processing, and other heavy industries.
PME is reportedly in site selection for a 21,000 square foot facility in the Maysville
area, budgeted at approximately $2 million and which would create 20 new jobs.
The Kentucky Economic Development Finance Authority (KEDFA;
website) met in late January
and, based on PME's $2 million investment target, has approved a tax credit incentive package for
the project, valued at approximately USD $750,000 over its life.