Tessy Plastics Completes Manufacturing Plant Expansion in Van Buren, New York
08/04/2017
Founded in 1973, Tessy Plastics manufactures a wide range of products for sophisticated medical devices, electronics, products used in business applications and everyday consumer items, including packaging products.
The expansion project, located on State Fair Boulevard, included the addition of a 260,000 square-foot manufacturing facility to its existing plant. The project also included the construction and addition of resin storage silos, material handling system, chiller, production equipment as well as upgrades to the facilities electrical infrastructure.
Tessy Plastics President Roland Beck said, "We really appreciate the State incentives we received, the incentives were certainly one reason Tessy Plastics made the decision to expand in Central New York. The outstanding workforce in this area at every level was the main reason we chose to stay here.”
“ Besides the workforce, the quality of all the services we require to run a successful business are plentiful here and great to work with. I'd like to thank every person who worked hard to help Tessy Plastics continue to grow and continue to provide opportunities for the awesome people of Central New York," he added.
To encourage Tessy Plastics to continue to continue grow its operations in Central New York, Empire State Development provided up to $13.5 million for the expansion project; $10 million through a Capital Grant and another $3.49 million through the Excelsior Jobs Program in exchange for job creation commitments that the company has already exceeded.
According to state officials, the plastic parts manufacturer has already surpassed its promised job creation commitments at the site, more than quadrupling its original estimate of creating up to 50 new jobs by 2020. The family-owned and-operated company has already hired 203 new full-time employees, supported by $13.5 million in state incentives. The company previously considered moving its operations to South Carolina.
"Thanks to our strategic investments in promising industries, communities across Upstate New York are experiencing tremendous economic growth, and this expansion is yet another clear signal that Central New York's economy is rising," Governor Andrew Cuomo said. "By helping successful business like Tessy continue to grow, expand and create jobs right here in New York, we strengthen our local economies and set up our communities for generations of future success."
Empire State Development President & CEO Howard Zemsky said, "It was only a year ago that New York announced a partnership with this solid company. The fact that it has already far exceeded its own hiring goals and created 200 new jobs is very welcome news for the regional economy and serves to support the momentum of the CNYRising economic development plan. Governor Cuomo's vision and strong commitment to Upstate is truly paying off."
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