Glass container maker to make $37 million investment as a result of Recharge NY program

Date: 24 September 2012
Source: www.empirestatenews.net

Date: 24 September 2012

ALBANY - Anchor Glass Container Corp., a Southern Tier glass container maker, is receiving 6.6 megawatts in low-cost electricity through the ReCharge NY program that will allow the company to retain 340 jobs and invest $37.2 million in its facility.



Representatives of the New York Power Authority and Anchor Glass were joined on Tuesday by local elected and economic development officials at the company's 100-year-old glass container production facility in Elmira Hills in Chemung County.

"Electricity costs are an important factor that businesses take into account when looking to expand and make new investments," Governor Andrew Cuomo said. "The ReCharge NY program has given businesses and other enterprises across New York long-term certainty of stable electricity rates so they have the confidence they need to retain and create jobs. These new investments at Anchor Glass demonstrate the state's new approach to improve our business climate, create jobs, and grow the economy."

Read more here.
600450 Glass container maker to make $37 million investment as a result of Recharge NY program glassonweb.com

See more news about:

Others also read

MORE...

Construction Employment Declined in Most States in November as Anxiety Over Fiscal Cliff Causes Contractors to Hold Off on Hiring
Hawaii and Texas Top List of 20 States and D.C. Adding Construction Jobs Since November 2011 as Delaware and New York Trail; Vermont and Louisiana Led 19 States with One-Month Gain, D.
Wicona Curtain Walling for Glasgow Velodrome
The Emirates Arena and Sir Chris Hoy Velodrome have just been completed, creating a new world class sporting landmark for Scotland.
The American Scenario in The Glass Industry
The United States is honoring its role, to the best of its ability, as the world's locomotive, although despite the positive performance of the real estate market, America seems to be recovering slower than expected.
Turkish glass producer to expand operations at home and abroad with the help of EBRD loans
The EBRD is providing loans worth €110 million to Turkish glass manufacturer Trakya Cam A.Ş. that will expand its product range at home and in Bulgaria and also establish a presence on the Russian market, setting new standards in energy efficiency.
SAGE Electrochromics, Inc. Files Patent Infringement Lawsuit in U.S. District Court Against View, Inc.
SAGE Electrochromics, Inc., a world leader in the development and manufacture of dynamic glass, located in Faribault, Minn., today announced it has filed a lawsuit in U.S.
Lucintel Identifies APAC as Growth Region for Global Automotive Glass Industry during 2012-2017
Irving, Texas (PRWEB) December 18, 2012 - The global automotive glass industry experienced good growth over the last five years and is expected to grow moderately with a CAGR of 3% over the next five years (2012-2017) to reach revenue of approximately US $17 billion in 2017.

Add new comment