Stainless steel scrap recycler Cronimet Corp. plans to locate a facility at the Pensacola Shipyard, creating 15 manufacturing and administrative jobs over the next two to three years.

Pensacola Bay Area Chamber of Commerce CEO Jim Hizer and chamber Chairman Collier Merrill made the announcement on Thursday.
Cronimet, based in Rochester, Pa., will locate at 800 Myrick Street, off Navy Boulevard and fronting Bayou Chico. The company has 10 other processing facilities. This is the first in Florida.
Founded in 1997, the company recovers and reprocesses stainless steel and high-grade alloys for manufacturers through the U.S. and abroad.
Hizer said most of the company's production work is outdoors, but it plans to construct a 1,300-square-foot modular office. It plans to begin work here in November.
The landing of Cronimet a "is another step in reaching the goals of our Vision 2015 initiative," said Lewis Bear, the chamber's vice chair for economic development.
The Vision 2015 campaign raised more than $8 million from private and public sector donors, pledged over a five-year period. The goal is to create 3,000 jobs paying in excess of $38,000 a year over the next five years.
Hizer said the Cronimet jobs pay "substantially more" than that $38,000 though he wasn't at liberty to say how much. He anticipates the company's capital investment and new jobs to create a $5 million local impact over the next five years.
"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 Cronimet CEO and President Frank Santoro. "As a result of these discussions, we felt that the Pensacola area would be a great long-term strategic fit for the company."
Pensacola Mayor Ashton Hayward said Cronimet joins the growing ranks of companies who see Pensacola as a good place to do business.
"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," he said.
In addition to Rochester, other facilities are located in Aliquippa, Pa.; Chicago; Decatur, Ala.; Houston; Jeffersonville, Ind.; Linden, N.J.; Columbus, Ohio; Los Angeles; and Montclair, Calif.
Cronimet USA Corporation
-Article Courtesy of Carlton Proctor