December 16, 2009, Schenectady, N.Y. – Schenectady County officials today announced that Dimension Fabricators will purchase the former Super Steel facility in Glenville, NY. The purchase represents an additional investment of more than $5 million in Schenectady County by Dimension Fabricators as the company continues to expand to meet the growing demand for its concrete reinforcing steel products.
Scott Stevens, CEO of Dimension Fabricators, Inc., said, “This new building will help us continue with our plan for steady growth. We thank our employees for their hard work and for the community’s strong support of our plans to grow right here in Schenectady County by purchasing the former Super Steel facility. The building is ideally suited to our needs as it contains cranes, high-bay space and has a rail spur that runs directly into the building.”
“Through the efforts of our economic development team we were able to quickly put this building back to use, enabling this fast growing company to remain in Schenectady County,” said Susan Savage, Chairwoman of the Schenectady County Legislature. “I want to thank Dimension Fabricators for investing in Schenectady County and look forward to their continued expansion in our community.”
Dimension plans to complete the purchase of the new plant by the end of December and begin production in Glenville in early 2010.
Founded in 1984, the company fabricates concrete reinforcing steel products including rebar, continuous steel spirals and specialty built steel cages that allow concrete to be used in complex civil engineering applications from bridges and roadways to tunnels and large construction projects. Dimension Fabricators provided materials for the Q Bridge I-95 widening project in New Haven, the New Jersey Turnpike, Albany Medical Center, the Boston Central Artery project and many others.
The company has increased employment from approximately 30 to more than 60 workers in recent years. The Super Steel facility will allow the company room to expand and will result in the creation of approximately 25 new jobs bringing total employment to about 85 in three years.
Dimension Fabricators currently occupies four buildings totaling 49,000 square feet on Maxon Road and leases 50,000 square feet at the former Alco plant in the City of Schenectady. The Super Steel building contains 152,000 square feet allowing the company more room to take on additional contracts. Dimension plans to sell the Maxon Road site.
Scott Stevens, Dimension Fabricators CEO, also thanked the County’s economic development headed by Metroplex and the First National Bank of Scotia for their help on this project. “Without their strong support, this purchase would not have been possible,” Stevens said.
Super Steel announced plans to close the Glenville plant last November because of a steep decline in orders in the locomotive industry. The plant closed in April of this year. The County’s economic development team has been actively showing the building to potential users including Dimension Fabricators since the plant closure in April.
Ray Gillen, Metroplex Chair and Commissioner of Economic Development and Planning for Schenectady County said, “Getting the Super Steel plant back in use after just eight months is excellent news. We are very grateful for the decision by Dimension Fabricators to stay and grow in Schenectady County.”
Dimension Fabricators will buy the 152,000 square foot plant and surrounding twenty-one acres. The Galesi Group will buy an additional nine acres of land from Super Steel to expand the Glenville Business and Technology Park.
David M. Buicko, COO of the Galesi Group said, “We welcome Scott Stevens and his team from Dimension Fabricators to the Glenville Business and Technology Park. By buying this acreage from Super Steel, the Galesi Group plans to couple it with the former Burgess site to create one of the best shovel ready sites in the Capital Region.”
The Schenectady County Industrial Development Agency (IDA) met this morning and approved the project including an exemption from the mortgage recording tax and exemption on sales tax for building materials and equipment used to improve the building. A payment in lieu of tax agreement (PILOT) already in place for Super Steel will be extended. The PILOT will result in full payment of local property taxes for the five years when Dimension is eligible for real estate property tax credits.
For more information, see www.dimensionfab.com