NEWS
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Governor Paterson Announces SKF Aeroengine to Invest $18 Million in Chautauqua County Heat Treat Facility
August 17, 2010
New York Power Authority (NYPA) President Richard Kessel helped SKF Aeroengine North America inaugurate a new chapter in its Chautauqua County operations at an Aug. 17 event to mark the company’s plans to invest nearly $18 million in a new heat-treatment facility in Falconer. NYPA will provide additional low-cost hydropower to the Jamestown Board of Public Utilities in support of SKF’s increased electricity use. Other state incentives for the expansion include funding through Empire State Development, the state’s primary economic development agency. Looking on as Kessel spoke was Tom Johnstone, president and CEO of parent company AB SKF. The company, which produces roller bearing products for aeroengine and other applications, will retain nearly 700 high-paying jobs in Chautauqua County. (See related press release)
(Photo Credit: NYPA)
Seated from left to right behind NYPA’s Richard Kessel, at the podium, were Tom Johnstone, AB SKF president and CEO; Dennis Mullen, chairman and CEO, Empire State Development; Pierre Chagnon, operations director, SKF Aeroengine N.A.; and Senator Catherine Young.
(Photo Credit: NYPA)
Putting Shovels to the Ground. New York State and Chautauqua County officials helped SKF Aeroengine break ground in Falconer on Aug. 17 for the company’s plans to invest nearly $18 million in a new heat treatment facility. New York Power Authority (NYPA) President Richard Kessel (second from right) and Empire State Development (ESD) Chairman Dennis Mullen (fourth from left) were among those participating in the groundbreaking ceremony. NYPA is providing low-cost hydropower in support of SKF’s investment plans and ESD has arranged for grants to offset the company’s costs.
(Photo Credit: NYPA)
Rendering of SKF’s new facility in Falconer. New York State and Chautauqua County officials on Aug. 17 helped the manufacturer break ground on a new heat-treatment facility for which SKF will be investing nearly $18 million. The investment, which will be supported by low-cost NYPA hydropower and grants arranged by Empire State Development, will support SKF’s retention of nearly 700 high-paying positions in Chautauqua County.