Governor David A. Paterson today announced that SKF Aeroengine North America will invest nearly $18 million in a new heat treat facility in Falconer, New York. The company will retain all 691 high-paying positions in Chautauqua County. As part of this investment, the company will be installing a new high-tech vacuum furnace. This furnace will allow for a heat treatment process called Pyrowear 675, which involves both vacuum carburizing and vacuum hardening. The heat treatment process in bearing manufacturing is viewed as a very critical operation.
"This is a tremendous investment in New York State's manufacturing base and one that helps solidifies SFK's long-term viability in Chautauqua County," Governor Paterson said. "Because of the significant and highly valued nature of this type of manufacturing, this investment will allow SKF the capacity to make additional investments in the future. What's more, other local New York State businesses, particularly parts suppliers, will be positively impacted by this expansion of SKF's facilities in Falconer. I applaud Tom Johnstone and his team and would like to thank SKF for their continued commitment to the southern tier of Western New York."
Tom Johnstone, President and CEO of AB SKF, said: "We are very pleased to dedicate the construction commencement of this significant investment in SKF's operations in Falconer. This new facility enables us to bring together all local operations to the Falconer campus, and implement a state-of-the-art heat treat operation with cutting edge technology that will process parts for four aerobearing operations in the U.S., as well as for Venture Aerobearings, our joint venture with GE, in Charleston, South Carolina. While SKF is making a significant investment in this project, it would not have been possible without the dedicated support of the State of New York and the various organizations. This is something the local community can take great pride in securing."
To help offset the costs of this project; Empire State Development (ESD) offered SKF $2.75 million, with a $1.375 million grant from both the Manufacturing Assistance Program and Upstate Regional Blueprint Fund. Additionally, the company will receive $250,000 each from the New York State Assembly and the New York State Senate, as well as two megawatts of hydropower from the New York Power Authority.(NYPA)
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