Wednesday, July 12, 2000

Warren County OKs deal for brake maker




By Cindi Andrews
The Cincinnati Enquirer

        LEBANON — Warren County commissioners approved tax breaks Tuesday to lock up an expansion of a brake maker that will make it among the largest employers in the county.

        SEI Brakes Inc. — formerly Lucas Sumitomo — is planning a $61 million expansion at its Lebanon plant that will add 220 jobs. Commissioners agreed to abate 75 percent of real estate taxes for 10 years and 50 percent of taxes on other property for five years.

        Executives at SEI's main office in Japan still have to give the final OK to the expansion — sites in Kentucky and Michigan also are in the running. But that's not cause for worry, Geoffrey Hearsum, president of the local company, told commissioners.

        “We believe with the action you've taken ... that we'll be the selected site,” Mr. Hearsum said.

       



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