Benton Foundry Expands Manufacturing Facility in Benton, Pennsylvania
03/06/2020
Benton Foundry established itself in Northeast Pennsylvania in the 1950s and, by 1975, was capable of pouring 22 tons of iron daily. Today, Benton Foundry’s state-of-the-art, fully automated facility pours 170 tons of iron daily and anticipates being able to increase its capacity to up to 225 tons per day after expanding. Benton Foundry will expand its core pouring room and cleaning and finishing areas. The company has committed to investing more than $21 million in the project and create at least 40 new jobs over the next three years.
“Benton Foundry has prospered by pushing into harder-to-make castings, which has made core assembly an integral part of our success and growth as we double the size of this portion of the foundry,” said Tim Brown, vice president of Benton Foundry. “We feel fortunate to partner with world-renowned ergonomics and industrial engineering professors from Penn State University, in addition to the Governor’s Action Team, whose work reflects tangible results that will provide sustenance for the continued growth of our operation.”
As an incentive, the company received a funding proposal from the Department of Community and Economic Development for the project, which includes a $150,000 Pennsylvania First Grant and $40,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.
“It’s special to not only witness but support a company that has been a staple in Northeast Pennsylvania as it continues to grow,” said Governor Tom Wolf. “Benton Foundry is a company that has achieved success throughout many years of operation, and, as the company evolves, it continues to bring new career opportunities and better services to Pennsylvanians and consumers alike.”
Most Read
-
-
Trends in Office and Industrial Parks
Q4 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
“Made in America” Executive Order to Affect International Companies and FDI
Q1 2021
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
Pandemic Fuels Data Center Growth
Q1 2021
-
Another Look at Rural Economies
Q4 2020