New Hydropower Allocations to Create 30 Jobs At Two Erie County Firms Undertaking Expansions
October 19, 2005
FOR IMMEDIATE RELEASE
ROCHESTER—Some 30 new jobs will be created at two Erie County companies in return for low-cost hydropower from the New York Power Authority’s (NYPA) Niagara Power Project.
At their monthly meeting Wednesday, the NYPA trustees approved allocations for Electro Abrasives Corp., in the Town of Hamburg, 700 kilowatts (kw), and Malyn Industrial Ceramics, in the Town of Clarence, 325 kw.
“Time and again, the Niagara Project has proven to be fundamental to Western New York’s economy, and Erie County’s in particular, with more than 36,000 jobs linked to its low-cost hydropower,” said Timothy S. Carey, NYPA chief operating officer. “The allocations to Electro Abrasives and Malyn Industries are the latest examples of the project’s value for encouraging investment and job growth for the region.”
Electro Abrasives, which manufactures thousands of tons of silicon carbide and other powders, is investing $360,000 in its crushing plant. This includes new equipment to expand the capacity of existing product lines, and modification of its facility space.
The company is planning to add 10 jobs to its current work force of 23, in return for its allocation, which will be drawn from a 445,000-kw block of Niagara industrial power known as replacement power, reserved for manufacturers on the Niagara Frontier.
Malyn Industrial, which makes advanced ceramic components, recently purchased a new building in Clarence to expand its operation and add 20 jobs to an existing work force of seven. Its allocation of hydropower will come from a 250,000-kw block of Niagara industrial power called expansion power, also reserved for Western New York businesses.
The company is investing $460,000 in the Clarence facility at the same time that it is relocating to the site a small California business it recently purchased.
The allocations for Electro Abrasives and Malyn Industrial are the latest in a series approved by the NYPA board since 2004, under an enhanced process for making low-cost hydropower available on a continuous basis for creating jobs in Western New York. In less than two years, the new job commitments have exceeded 2,500.
The Western New York Advisory Group, consisting of the Power Authority, Niagara Mohawk, Empire State Development Corp., and the Buffalo Niagara Enterprise, recommends the industrial allocations from the Niagara Project. Current allocations from the project are linked to more than 43,000 jobs at about 100 companies in the region.
The 2,400,000-kw Niagara Project, in the Town of Lewiston, provides some of the lowest cost electricity in New York State, with its power sold at rates far below market prices. The project—the state’s largest single source of electricity—produced its first commercial power in 1961.