Add another multinational to the aviation services cluster in South Florida’s Palm Beach County.
Chromalloy, which provides coatings, repairs and replacement parts for gas turbine engines, announced plans to move its world headquarters to Palm Beach Gardens from Orangeburg, N.Y.
The company also will create a “technology center of excellence” at its leased 30,000-square-foot site in Palm Beach Gardens, adding about 70 jobs in the county, according to a March 28 statement.
Executives said they selected the site for the new research and development center to tap specialized engineering talent in an area already home to such aviation companies as Pratt & Whitney and Lockheed Martin.
Chromalloy will receive more than $1 million in state, county and local incentives to help the headquarters move and expansion. That includes about $500,000 authorized by Gov. Rick Scott from a state Quick Action Closing Fund aimed to help expand industry clusters in Florida, officials have said.
Started in the 1950s, Chromally said it now employs more than 4,000 people in 17 countries. It works with commercial airlines, the military and industrial and marine businesses. The company is a unit of Sequa Corp. based in Tampa, which is part of the global investment firm The Carlyle Group.
Chromalloy already is active in Florida. In 2010, it expanded its turbine engine component casting operation in Tampa with a $30 million facility. In February, it broke ground on a $5 million ceramic core facility next to that Tampa foundry, the company said.
Source: http://www.worldcityweb.com
Chromalloy, which provides coatings, repairs and replacement parts for gas turbine engines, announced plans to move its world headquarters to Palm Beach Gardens from Orangeburg, N.Y.
The company also will create a “technology center of excellence” at its leased 30,000-square-foot site in Palm Beach Gardens, adding about 70 jobs in the county, according to a March 28 statement.
Executives said they selected the site for the new research and development center to tap specialized engineering talent in an area already home to such aviation companies as Pratt & Whitney and Lockheed Martin.
Chromalloy will receive more than $1 million in state, county and local incentives to help the headquarters move and expansion. That includes about $500,000 authorized by Gov. Rick Scott from a state Quick Action Closing Fund aimed to help expand industry clusters in Florida, officials have said.
Started in the 1950s, Chromally said it now employs more than 4,000 people in 17 countries. It works with commercial airlines, the military and industrial and marine businesses. The company is a unit of Sequa Corp. based in Tampa, which is part of the global investment firm The Carlyle Group.
Chromalloy already is active in Florida. In 2010, it expanded its turbine engine component casting operation in Tampa with a $30 million facility. In February, it broke ground on a $5 million ceramic core facility next to that Tampa foundry, the company said.
Source: http://www.worldcityweb.com
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