LOUISVILLE, KY--(Marketwire - March 16, 2011) - AAF-McQuay Inc. dba AAF International was approved for economic development incentives at a March 15th special meeting of the Kentucky Economic Development Finance Authority meeting in Frankfort, Ky.
AAF International, headquartered in Louisville, is a global manufacturer of comprehensive air filtration products and systems. It has operations in 22 countries with more than 2,600 employees worldwide, including 200 locally. The company is considering an expansion project that would be an investment of $3.8 million and add 50 new jobs and new annual payroll of $3.1 million.
AAF International was approved for up to $3 million in KBI incentives for up to 10 years. "AAF International received word today that the Kentucky Economic Development Finance Authority (KEDFA) reached preliminary approval to provide incentives for AAF International to support the growth of our company," said Kevin Lynch, COO of AAF International. "The KEDFA incentives are a very important part of the criteria we will examine as we continue our business evaluation process."
AAF International, which is based in Louisville, Kentucky, has more than 2,600 employees, 25 manufacturing facilities and 5 R&D centers worldwide supporting sales offices in 69 countries. AAF designs, develops, and manufactures air filtration solutions for commercial, residential, industrial, clean room, transportation, fossil fuel plants and nuclear power applications. It also provides inlet air cooling and sound attenuation solutions for high-speed rotating machinery.
Contact Information:
For additional information, please contact:
Kevin Lynch
AAF International
P.O. Box 35690
Louisville, KY 40232-5690
Phone: 502.637.0011
www.aafintl.com