3/11/2014 4:52:00 PM
HEADLINES
Sherex Helps Found Regional Manufacturing Center

Sherex Fastening Solutions has become a founding member of a new center aimed at promoting the growth of manufacturers in Buffalo, NY.

The Buffalo Niagara Advanced Manufacturing Institute is envisioned as a place where local companies can tap into resources to test and develop technologies, according to the Buffalo News.

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.

“Spurring growth of advanced manufacturing is a priority of the regional economic development council, which has identified sectors it believes the region is best suited to capitalize on for job growth,” writes Matt Glynn of the News. “The Buffalo Niagara region’s manufacturing job count has plunged over the decades, but the sector’s employment has stabilized in recent years.”

Manufacturing contributes 50,000 jobs and $5 billion in gross product to the region, the News reports. 

EWI, which will operate the center, expects to employ about 30 to 35 employees at the institute within five years by which time the center is expected to generate $6 million in annual revenue and create or retain 841 manufacturing jobs.

EWI CEO Henry Cialone told the News the institute will concentrate on four areas: flexible automation and controls, advanced materials and testing, additive manufacturing and advanced manufacturing.

About half of the facility will consist of laboratories, with the rest comprised of meeting rooms and office space.

Founded in 1979, Sherex manufactures and distributes blind rivet nuts, brass inserts, clinch nuts and specialty fastening products for the automotive, aerospace, truck, ag equipment, white goods and electronics industries. Sherex is ISO/TS 16949:2009 certified. Sherex has eight facilities globally is headquartered at 400 Riverwalk Pkwy #600, Tonawanda, NY 14150. Tel: 866 474-3739 Fax 716 875-0358 Email: info@sherex.com Web: sherex.com  ©2014 GlobalFastenerNews.com