For the second time in as many Chester County Council meetings, Economic Development Director Karlisa Parker had good news in the form of an industrial announcement.
Parker announced that Rolled Alloys, based in Ohio, would be locating in an existing building in the county.
“Rolled Alloy has committed to come to Chester County,” Parker told Chester County Council.
Rolled is committing to a $3.7 million investment and plans to create 24 jobs over a five-year period. The jobs will pay well, Parker said, with salaries slotted at $65,000, $60,000, $36,500 and $34,500.
Some projects take years to come to fruition and some never materialize despite putting in long hours and lots of work trying to land them, Parker said. The deal with Rolled took a relatively short amount of time to secure, though, she said.
According to the company’s website, the mission of Rolled Alloys is “exceeding the expectations of specialty metals customers worldwide.”
The company’s biography says that Rolled Alloys was founded on the introduction of wrought RA330 alloy as a replacement for cast HT alloy in the commercial heat treat industry. Since this introduction in 1953, the company has enjoyed continuous growth through the expansion of alloys offered, markets served, customer base, geographic growth and acquisitions. All U.S. locations export products around the world; our products are also available through Rolled Alloys divisions in Canada, Europe, Singapore and China.
Domestically, Rolled has facilities in Michigan, Ohio, California, Texas, Illinois, Oklahoma and Connecticut, along with international locations in Canada, France, Germany, the Czech Republic, Spain, The Netherlands, the UK, China and Singapore.
Parker said the company will locate in the Crenshaw Building on Crenshaw Blvd. off of U.S. Interstate 77. That accomplishes two positive goals, Parker said, in that it brings jobs to the area and fills an empty building. The project is not eligible for a fee-in-lieu-of tax arrangement, because the land and building can’t be counted toward the total cost of the project, in the eyes of the state, because they already exist. Instead, a special source revenue credit is being utilized, which accomplishes nearly the same thing, Parker said.
Parker said she hopes to have other announcements in the future. She expects Rolled to be operating in Chester by next year.
By Travis Jenkins, Staff Reporter with The News & Reporter
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