FRANKFORT -- ZF Steering Systems will spend $96 million to expand its factory in Florence, Ky. The plant makes steering components for cars and SUVs.
This month, the German supplier will launch construction of two new buildings totaling 175,000 square feet. The project will be completed next summer. Over the next three years, the plant will hire an additional 374 employees.
ZF Steering Systems is a subsidiary of Germany's ZF Lenksysteme GmbH, a 50-50 joint venture between ZF Friedrichshafen AG and Robert Bosch GmbH.
The venture makes steering columns, gears, pumps, electric power steering and active steering, also known as steer-by-wire.