Officials with the Hopkinsville Economic Development Council are pleased to announce that a local corporation plans to make a multi-million dollar investment into the community.

Officials say Riken Elastomers, a subsidiary of Riken Technos Corporation is planning a $7 million investment for its facility in Hopkinsville.

President of Riken Elastomers, Gary Kajiyama was quoted as saying that the expansion is due to the growth of the automotive business in North America.

Officials say the expansion involves additional new lines, which will more than double the capacity of the existing facility.

Riken Elastomers has been operating Hopkinsville since 2007 and produces thermoplastic elastomer compounds used in the automotive industry.

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