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 KENNEDY VALVE

Located in Elmira, NY, Kennedy Valve employs over 400 people with annual sales in excess of $125 million. Additional economic impacts include:

· $24.5 million in annual payroll 
· $31.6 million of local purchases of material and services
· Payments of $6.6 million a year on utilities
· Generating almost $212,300 in property tax revenue in the Elmira area
· Supporting more than 400 jobs and $31.6 million in economic activity throughout the State of New York CAPITAL IMPROVEMENTS

Since 1997, McWane, Inc. has placed in service in excess of $32 Million in Capital improvement projects in this facility to make its production processes safer, environmentally sound and more productive to ensure relatively consistent employment levels.

ENVIRONMENTAL CAPITAL IMPROVEMENTS

Since 1997, over $4.5 million has been invested in capital improvements related to environmental control and pollution prevention. This represents 13.8 percent of total capital spending during the period. An additional $11 million in operating expenses was also invested in environmental, health and safety related efforts. Examples of environmental upgrades include the following:

· Phase I of improvements to the air systems in the melt area
· Phase II of improvements to stormwater drainage
· Chip Cyclone/Dryer/Briquette Machine

 
 
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