Anchor Glass Cracked

An Elmira Heights business, which is a major employer in the Southern Tier, may shut down if it loses its source of inexpensive energy.

Officials at the anchor glass Container plant say the almost century-old business could close as a result. Anchor glass employs 365-people.

Anchor Glass is one of Chemung County's largest employers. It manufactures glass for the food, liquor and beer industries. They produce 1.5 to 2 million glass containers a day in clear glass and amber glass. This manufacturing business may shatter if it loses its source of inexpensive energy. General Manager Michael Sopp says,” our contract with New York Power Authority expires in October. With that expiration our power cost would increase dramatically and basically could make us non competitive."

Anchor Glass pays approximately 15-million dollars a year for power. Anchor could pay another 1-point-4 million dollars for electricity if the contract isn’t renewed or extended.

Michael Sopp says paying that much could force Anchor Glass to close. Reducing the cost makes the company competitive, and without it, there is a possibility of consolidation Sopp says. He’s working to fix the problem. Making local and state governments aware of the serious situation

State Senator George Winner is co-sponsoring a bill to ensure that Anchor Glass receives discount electricity. He hopes the bill will pass before this legislative session ends.

The New York State Company has been in business for 93 years. The employees in the company’s three unions are under contract until 2008.

There are 29 other manufacturing companies in the southern tier that are facing the same problem including the Gunlocke Company in Wayland.

600450 Anchor Glass Cracked

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment