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Cronimet to invest $5 million in Pensacola area

Press Release: The Pensacola Bay Area Chamber of Commerce announces the addition of Cronimet Corporation to the Pensacola Bay Area. Cronimet plans to add fifteen well paying manufacturing and administrative jobs to the local community. Cronimet’s capital investment in addition to jobs created will result in a $5 million impact to the Pensacola Bay area over the course of the first five years. This is the first location for Cronimet in the state of Florida.

“We’re thrilled for Cronimet to join the Pensacola community,” said Collier Merrill, chairman of the Board of Directors for the Pensacola Bay Area Chamber of Commerce. “The creation of these specialized jobs, will further enhance opportunities for Pensacola residents and potentially bring additional business to our area.”

Cronimet Corporation is a stainless steel ISO 9001 certified company, evolving and expanding to maintain highest standards in the industry. Cronimet employs state of the art process and handling equipment allowing to provide superior products to its customers.

“The Chamber showed its commitment to job creation through its initial discussion with us and the continued recruitment of Cronimet after our initial discussion,” said Frank Santoro, President and CEO of Cronimet Corporation. As a result of these discussions, we felt that the Pensacola area would be a great long-term strategic fit for the company.

Cronimet plans to locate at 800 Myrick Street in Pensacola in early November, 2011.

“I’m excited for Cronimet to join the growing ranks of companies who see Pensacola as a great place to do business,” said Pensacola Mayor Ashton Hayward. “From high-tech companies, to defense contractors to now, a high-end stainless steel and aerospace metals recycler, Pensacola is quickly becoming the place to be for business. Cronimet will be a great addition to our local economy, and I look forward to them coming to Pensacola.”

“The Chamber is extremely proud to have partnered with Cronimet for this business opportunity,” said Lewis Bear, vice chair for economic development for the Pensacola Bay Area Chamber of Commerce. “We are particularly excited to have had the Mayor’s office and City Council as active participants in bringing these new jobs to Pensacola. This is another step in reaching the goals of our Vision 2015 initiative.”

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