USA > Germany based Siemens and Chromalloy to create JV headquartered in Hillsborough County, Tampa, USA investing $139 million

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Advanced Airfoil Components, the new joint venture of Germany based Siemens and Chromalloy Gas Turbine Corporation, is essentially a manufacturing facility for producing components that will maximize gas turbine performance. The joint venture is set to create 350 new jobs that will mostly comprise of a range of skilled positions such as technical engineers, manufacturing technicians and production workers. The facility is set to lease 210,000 square feet at Tampa Regional Industrial Park and is set to open at the end of the year 2018.

According to Governor Rick Scott, the Governor of Florida said the following regarding the joint venture:

“I’m proud to announce that Siemens and Chromalloy chose Florida as the best place to start their new joint venture that will create 350 new jobs for families in the Tampa area. We have fought to make Florida more business-friendly by permanently eliminating the sales tax on manufacturing machinery and equipment, so Florida manufacturers like Siemens and Chromalloy can invest more in our state. With the $85 million Florida Job Growth Grant Fund, we can ensure our economy will continue to grow so families can succeed in Florida.”

About Siemens Corporation

Focusing on the electrification, automation and digitalization, Siemens Corporation is one of the world’s largest producers of energy- efficient technologies and is also the leading supplier for power generation and transmission. In addition Siemens is also famous for medical diagnosis. It employs 351000 employees in 190 countries around the world and it reported total revenue of $88.1 billion in the fiscal year 2016.

About Chromalloy

Incorporated in 1987, Chromalloy is a company that provides technologically advanced repairs and coatings for turbine airfoils and other engine components and also supplies equipment components to and repairs components for marine and land-based aero derivative and industrial turbine engines used for power generation. It is authorized by the FAA and EASA and is a subsidiary of Sequa Corporation. Chromalloy is headquartered in New York and has an additional office in Beijing China and has a component repair and manufacturing center in Bangkok, Thailand.

 

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