Thuro Metal Products Upgrades Its Brentwood, New York, Manufacturing Facility
08/27/2013
“We knew that investing in modernizing our operations would enable us to compete in the European market while manufacturing our products in New York. There is a significant advantage in the exchange rate and we are holding ourselves to the European standards of Automotive Production Control, which will put us in a class above those only supplying the domestic market,” said David A. Thuro, President, Thuro Metal Products, Inc. “After the first production shipments from Thuro’s New York facilities were made to the Netherlands and Turkey, we developed new programs for this year that would require additional, significant investments to expand our production capacity. The support from the State’s Excelsior Jobs Program has been the catalyst for our new investments and the jobs we have been creating.”
“This public-private partnership is another example of how state government is transforming the business climate in New York State,” Gov. Andrew Cuomo said. “By upgrading its Brentwood operations, Thuro Metal Products is renewing its status as an economic engine on Long Island and strengthening its competitiveness in the global economy. This upgrade will also create and retain jobs on Long Island, and I look forward to TMP’s continued growth in New York State.”
As an incentive to help the project move forward in New York State, Empire State Development is providing $200,000 in Excelsior Jobs Program performance-based tax credits, which are tied to job creation and investment commitments. The company plans to invest more than $3 million in new machinery and equipment, and renovations to its facilities to upgrade its manufacturing operations. TMP has already invested $750,000 into plant renovations and new machinery and equipment, along with hiring 6 new, full-time associates to facilitate these additional multiyear Automotive Hydraulic programs.
Empire State Development President, Chief Executive Officer and Commissioner Kenneth Adams said, “Under Governor Cuomo’s leadership, New York is making smart, strategic investments to create jobs and spur economic growth. Thuro Metal Products has a long legacy of manufacturing quality products in New York State, and we are proud to partner with the company to ensure they remain competitive, continue to operate effectively and create jobs for Long Islanders for years to come.”
The support from ESD was critical to TMP moving forward with the project. Without the renovations to comply with new industry standards, the company would have been forced to scale back production and downsize its workforce, the Governor’s Office said. As a result, more than 50 employees will be retained and, instead of layoffs, TMP will create 15 new jobs.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024