| Manufacturing company moving into old GM plant (video)
The old General Motors plant in the Town of Salina is about to have some new life breathed into it. BITZER Scroll, an independent air conditioning and refrigeration company, will be moving into the plant. The move is expected to create around 300 engineering and manufacturing jobs. BITZER Scroll will use a 1.4 million dollar grant from the Empire State Development Corporation to invest in the plant. The company says it will invest 30 million dollars over the next five years. In a press release Governor Spitzer says that BITZER Scroll could have located anywhere in the world, but "the company chose Syracuse and Central New York because we demonstrated the value of our workforce and our knowledge-based resources. " He goes on to say that BITZER Scroll will be the cornerstone of upstate economic revitalization.
German Firm To Bring 289 Jobs
A German company that makes compressors for industrial air-conditioning and refrigeration equipment is planning to open a manufacturing facility employing 289 people in the East Syracuse area, state officials say. Gov. Eliot Spitzer mentioned the plans by Bitzer Scroll in his State of the Upstate address Jan 16 in Buffalo, but he made no mention of it when he spoke later the same day to the Greater Syracuse Chamber of Commerce's economic forecast luncheon. A Bitzer Scroll representative said Monday the company was planning a formal announcement about its plans and he could release no details until the announcement was made. State and local officials would normally make a big deal when a manufacturer decides to open a plant and create nearly 300 local jobs.
DuPont Acquires Chemtura Fluorine Chemicals Business
WILMINGTON, Del., Feb. 1 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) today announced that it has completed its purchase of Chemtura Corporation's fluorine chemicals business. The move is part of DuPont's strategy to expand its fluorochemicals business offerings; enhance its presence in specialty businesses such as the fire extinguishants, pharmaceutical propellants and fluoro-intermediate markets; and leverage the assets and technologies included in the acquisition for the development of more sustainable fluorochemical materials, such as low global warming potential mobile air-conditioning fluids, foam expansion agents and refrigeration technologies. Financial terms were not disclosed. The acquisition includes all of Chemtura's fluorine business, along with the fluorine chemicals production unit that is part of Chemtura's manufacturing site in El Dorado, Ark., which will be fully integrated into DuPont's operations.
German company to open new plant in Syracuse suburb
SYRACUSE, N.Y. - Gov. Eliot Spitzer says a German company that makes compressors for industrial air conditioning and refrigeration equipment will open a new manufacturing facility in suburban Syracuse.
The governor says the Bitzer Scroll plant will employ nearly 300 people in high-end engineering and manufacturing jobs. The plant will open in a former General Motors factory in the town of Salina.
Bitzer officials promise to invest $30 million into the new facility over the next five years.
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Watsco, Incorporated Earnings Conference Call (Q4 2007)
Watsco, Inc., along with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States. Its products primarily comprise residential central air conditioners; light commercial air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. The company also offers various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies consisting of thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. Watsco operates through approximately 380 locations in 32 states. It distributes its products to contractors and dealers who service the replacement and new construction markets.
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