Corning will expand production at its Canton plant in a $21 million project that will create 40 permanent jobs with the help of a low-cost power allocation, Gov. Andrew M. Cuomo is expected to announce today.
The plant on McAdoo Road in the town of DeKalb will increase production of high-fused silica glass used in the semiconductor industry. The plant supplies microchips for computers, cellphones and other electronics. It also makes specialized glass products for the U.S. Department of Defense and the aerospace industry.
The 30,700-square-foot expansion will include 23,500 square feet for increased production and a 7,200-square-foot warehouse. Corning is expected to host a formal ceremony next month for the start of construction.
The New York Power Authority is allocating 2.1 megawatts to the plant for the expansion.
“The St. Lawrence-FDR power plant is crucial for economic development in Northern New York,” Gil C. Quiniones, president and chief executive officer of NYPA, said in a news release Monday. “It’s a top priority for NYPA to utilize its low-cost hydropower in ways that will yield the greatest results and Corning’s commitment toward the creation of 40 high-paying jobs in the region is exactly that, a great result.”
The low-cost hydropower will be provided to Corning under a seven-year contract and is drawn from a block of St. Lawrence electricity known as Preservation Power.
“Corning’s decision to expand its operations in Canton is certainly great news. It is a perfect marriage when St. Lawrence hydropower creates jobs in the north country,” NYPA trustee Eugene L. Nicandri said.
Corning’s Canton facility receives a 2.2 megawatt allocation of ReCharge NY power, which was approved by the NYPA trustees in April 2012 in exchange for the firm’s commitment to retain its nearly 200 positions.
In addition to the new permanent jobs, which NYPA says already are being added, the capital investments by the company are expected to support dozens of temporary construction jobs.
Empire State Development is providing the company $750,000 in Excelsior Jobs Program tax credits to assist with the job creation project.
“This allocation by NYPA will reduce Corning’s energy cost, which is a major expenditure at the Canton plant,” Patrick Jackson, director of Corning’s Global Energy Management, said in the release.
Under state law, allocations of power to Northern New York businesses from the St. Lawrence hydroelectric facility are for firms in Franklin, Jefferson and St. Lawrence counties. The electricity is provided at a price that is currently 40 percent less than the wholesale market price in the region. Preservation Power allocations support hundreds of jobs in St. Lawrence County.
By Amanda Purcell, Johnson Newspapers