The Kentucky Economic Development Commission announced that Cadiz was one of the finalists for location of a trailer manufacturing facility.
March 14, 2005:
Benson International formally announces the selection of Cadiz to host the new factory over sites in Alabama and Tennessee. Estimates rise for the factory to now contain 180,000 square feet, cover 12-14 acres and host two assembly lines. Reports said that the total investment made for the factory would reach $13 million. EDC, Cadiz offers $4 million in incentives, including foregoing payroll taxes for two years.
June 14, 2005:
Former Governor Ernie Fletcher joined local dignitaries and company officials for the ceremonial turning of the first shovelful of dirt in the groundbreaking of the new factory.
December 27, 2005:
Benson International’s Cadiz plant comes online to begin work on its first trailer. Forty workers arrive for their first day of work in the new 500x300 foot building in Industrial Park 3.
September 14, 2006:
The Trigg County Board of Education welcomed the donation of welding equipment to the High School vocational and industrial program.
Benson International announced the relocation if its corporate headquarters from West Virginia to Cadiz. At that time, the plant employed 100 workers.
November 15, 2006:
The Cadiz/Trigg County Industrial Authority and Economic Development Commission agreed to purchase Benson’s plant for $8.6 million to allow the manufacturer to avoid property tax liability. Benson agreed to a leasing agreement with the EDC, while the TVA, Heritage Bank and US Finance agreed to finance the note to purchase the building.
Benson International opened a new production line to begin the assembly of dump trailer bodies. At the time, Benson operated a paint shop, and planned to bring a lift body trailer assembly line into service for a total of four production lines at year’s end.
Benson International announced the decision to close its plant and former corporate headquarters in Mineral Wells, West Virginia. A company press release cited a “critical slowdown of the trucking and trailer business nationwide” as the reason for the closure.
Benson International completes assembly of a new “B-train” type of tandem trailer set. The new design, created in Cadiz was used in Michigan for the transport of steel.
At the time, Benson employed 110 workers.
June 6, 2008:
Benson International announces hopes of selling their plant to another manufacturer. Company President Donnie Holland said that a high level of skill and the modern equipment in the facility could be attractive to potential buyers. Failing the sale of the factory, it will close at an unspecified date in August, leaving the plant’s current 78 employees unemployed.