NEWS

Power Authority Transfers Allocation to Firm Replacing Buffalo China

Contact
Michael Saltzman
914-390-8181
michael.saltzman@nypa.gov

March 30, 2004

FOR IMMEDIATE RELEASE

ALBANY – New York Power Authority trustees, meeting here Tuesday, approved the transfer of 850 kilowatts (kw) and the allocation of an additional 250 kw of replacement power to Niagara Ceramics Corporation, which is taking over operations of Buffalo China, Inc.

Niagara Ceramics has promised to maintain 190 jobs at the former Buffalo China facility. The new firm was formed by a management group at Buffalo China, which negotiated a purchase deal with Oneida Ltd., the parent of Buffalo China. Oneida announced in August 2003 that it was closing the Buffalo operation in favor of acquiring products from China.

The acquisition of the firm by Niagara Ceramics and the provision of electricity by the Power Authority are strongly supported by the City of Buffalo, the Erie County Executive’s office, Empire State Development Corp., Buffalo Niagara Enterprise and many elected officials representing the area.