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Franklin County steel manufacturing facility plans to expand

Olympic Steel Inc. growth to create 90 new manufacturing jobs

September 27, 2012|By BILL KOHLER | billk@herald-mail.com

CHAMBERSBURG, Pa. — A Franklin County steel manufacturing facility plans to expand and add nearly 100 jobs, state and local officials said Thursday.

Olympic Steel Inc. will expand its steel processing facility at 1599 and 1530 Nitterhouse Drive, creating 90 new manufacturing jobs and investing $11 million for the purchase of new equipment and training of new employees, the company and Gov. Tom Corbett announced in a news release.

Corbett said the company was considering expanding at two similar plants in Ohio but selected the Chambersburg plant to better serve the company’s East Coast customers.

“This was a competitive expansion project that could have located in another state if not for our pro-business climate and economic development efforts,” Corbett said. “As a result of these efforts, Olympic Steel will make significant capital investments in the region and create 90 new Pennsylvania manufacturing jobs.”

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The company received a $400,500 funding offer from the Department of Community and Economic Development, including an $180,000 PA First grant, $40,500 in job training assistance and $180,000 in Job Creation Tax Credits.

Olympic Steel officials thanked state officials and the Franklin County Economic Development Corp. for its part in bringing the project to fruition.

L. Michael Ross, president of the Franklin County Area Development Corp., said the news is a significant win for the area.

“Anytime you have expansion in manufacturing, it’s a big deal,” Ross said Thursday in a phone interview. “It really affirms their presence in the community, and affirms it for years to come.”

Ross said Olympic Steel is a supplier to JLG Industries, Manitowoc Crane Group and Volvo Construction.

He said Olympic employs more than 200 people at its 300,000-square-foot facility.

State Rep. Rob Kauffman, R-Franklin/Cumberland, praised the teamwork that made the expansion happen.

“The General Assembly has fast-tracked several pro-jobs and pro-business initiatives during the past two years, and ... the results are more businesses bringing more jobs and more investment to the local economy,” he said in a news release.

Founded in 1954, Olympic Steel Inc. has had a facility in Chambersburg since 1999. It provides customer-focused, state-of-the-art machining, welding, plate processing, warehousing and distribution services to local equipment manufacturers.

The company was named the 2011 Large Business of the Year by the Franklin County Area Development Corp. According to its website, the company has expanded its Chambersburg location twice since 1999.

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