Cobey Inc. is moving ahead on plans for a new manufacturing plant in Buffalo Lakeside Commerce Park, which is expected to retain 52 jobs and add 45 jobs.
Construction of the $10 million plant is expected to get fully under way next year, said Peter Cammarata, director of urban development for the Erie County Industrial Development Agency.
Clarence-based Cobey makes compressor assemblies and other products used in the oil and power industries. It announced its plans for the new plant earlier this year, citing a need for more space to accommodate its growth.
The result will be a 100,000-square-foot headquarters and manufacturing plant in the industrial park, which is along Route 5 in South Buffalo. The park is also home to CertainTeed, another manufacturer that relocated within the region.
Cobey, which will combine operations at the new Buffalo site, is eligible to apply for a $250,000 grant from Empire State Development Corp. to assist with construction of the building.
"We think that consolidating and expanding our business is in our best interest for long-term growth," said Robert Castle, vice president and co-founder of Cobey, in a statement.
The company bought 12 acres of land from the Buffalo Urban Development Corp., an affiliate of the ECIDA. Krog Development is overseeing construction.