Press release date: April 15, 2014
Sherex Fastening Solutions, LLC a recognized global leader of engineered fasteners, tooling and automation equipment announces that it has become a founding member of the new Buffalo Niagara Advanced Manufacturing Institute. The Institute is aimed at promoting growth of manufacturers in the Buffalo, New York area.
The Buffalo Niagara Advanced Manufacturing Institute is envisioned as a place where local companies can tap into resources to test and develop technologies and improve their processes. “Sherex has called the Buffalo Niagara region home for the past 35 years and looks forward to having a major influence on growing the manufacturing in this region,” said Adam Pratt, President of Sherex Fastening Solutions.
Plans call for the state to invest $45 million for machinery, equipment and future facility needs and operations. The University at Buffalo will partner on the institute with EWI, an Ohio-based nonprofit engineering services research and development company. The institute will put a major emphasis on the region’s growth sectors such as automation and controls, advanced materials and testing, medical devices and pharmaceuticals and advanced manufacturing.
Within five years, EWI expects to employ about 30 to 35 employees, generate $6 million in revenue and create or retain 841 manufacturing jobs. Stimulating economic and advanced manufacturing growth is a priority of the regional economic development council which has identified sectors of the region it believes are best suited to capitalize on for job growth.
Currently manufacturing plays a huge role in the region’s economy, contributing 50,000 jobs, $5 billion in gross product and more than 2,000 small to medium sized companies.
About Sherex
Sherex Fastening Solutions, LLC is a recognized global manufacturer with a unique market approach in engineered fastener solutions. We combine fasteners, tooling, and automation to deliver the best possible solution at the lowest total installed cost. Sherex manufactures products for the Automotive, Aerospace and Defense, Agriculture and Construction Equipment, General Industrial, and Heavy Truck markets. For additional information on any of the Sherex brand fasteners, tools, and automation equipment please contact Sherex at 866-474-3739 or visit our website at www.sherex.com.ISO/TS 16949:2009 Certified
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