LACKAWANNA, NY (WKBW) - New equipment will mean new jobs and a strengthened industry position for Alliance Innovative Manufacturing.
The Lackawanna precision machinery and cutting tool company welcomed elected representatives to its plant Friday to acknowledge public funding that was used to purchase two machines - an Okuma VTM-200Yb and a Chevalier FVM-4022DCL.
Officials said the inability to produce large machinery parts has led to a decrease in sales as well as pressure to reduce costs below Alliance's viable threshold. The project, however, increases Alliance's manufacturing potential and allows the company to take a larger portion of the market share from competitors, leading to higher sales numbers and the protection and creation of jobs in Western New York.
Alliance began the initial phase of its project in July of 2011. The Erie County Industrial Development Agency provided $357,825 and Empire State Development awarded a $181,000 capital grant to assist with the project.
A total of 33 jobs have been retained and six new positions created.
Alliance Innovative has been in operation since 1945. The company was located in South Buffalo before moving into a new facility in Lackawanna in 2007. The company's precision components can be found in aircraft engines, motion control systems, hydraulic systems.
It also manufactures components for aerospace/defense contractors, as well as companies in the oil and gas extraction industry.