Company: Surmet Ceramics Corporation
IOU: Niagara Mohawk
Business Activity: Manufacturer of advanced materials and coatings
Project Description: The project includes purchasing and refurbishing equipment to increase the company’s manufacturing capabilities. The company also plans to install a high-temperature heat-treatment furnace. In addition, it will be refurbishing manufacturing space throughout the plant.
Prior Application: No
Existing Allocations: None
Power Request: 900 kW
Power Recommended: 900 kW
Existing 14 jobs
New 9 jobs
New Jobs/Power Ratio: 10 jobs/MW
New Jobs -
Avg. Wage and Benefits $45,000
Capital Investment: $377,000
Capital Investment/MW $ 418,889/MW
Summary: Surmet has been manufacturing advanced material and coating for Fortune 500 firms, technology-based enterprises and U.S. government agencies. The company’s products are used by the semiconductor equipment, biomedical, aerospace and defense industries. Electricity makes up 15% of Surmet’s total facility operating budget. A low-cost hydro power allocation will help the company remain competitive.