Cronimet Opening Florida Scrap Metal Facility

The Pensacola Bay (Florida) Area Chamber of Commerce reports that Pennsylvania-based Cronimet Corp. has announced plans to open a scrap metal facility in Pensacola, Fla. According to the Chamber of Commerce, the new facility will add 15 jobs and Cronimet will invest approximately $5 million in the area during the first five years.

The Pensacola plant will be Cronimet's first in Florida. The company, founded in 1997, handles stainless steel scrap from eight locations throughout North America.

Collier Merrill, chairman of the board for the Pensacola Bay Area Chamber of Commerce, says, "We're thrilled for Cronimet to join the Pensacola community. The creation of these specialized jobs will further enhance opportunities for Pensacola residents and potentially bring additional business to our area."

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

Cronimet Corp. is a part of Germany-based Cronimet, a supplier of raw materials for the industrial production of stainless steel, ferroalloys and primary metals. The company operates 50 subsidiaries on four continents.