Williamsport-based PMF Industries, a tubular components manufacturer, plans to invest more than $7 million to expand its Lycoming County-based manufacturing company and enter the clean hydrogen market.
The company plans to build a 16,000-square-foot addition to its existing facility. Once completed, the addition will house a hot spinning machine and aluminum heat treating and tempering furnace that will allow the company to produce metallic liners that store hydrogen and allow it to be transported via airplane, boat or truck.
The project will create at least 20 full-time jobs and help retain 78 existing positions.
The state Department of Community and Economic Development awarded the company a $11,000 WEDnetPA grant to help train employees, a $138,000 Pennsylvania First grant, and
a $4.5 million Pennsylvania Industrial Development Authority (PIDA) loan.
“With the help of the PIDA loan, Pennsylvania First grant, and WEDnet training support, we are well-positioned to contribute to the commonwealth’s leadership in clean energy and innovation,” Ken Healy, PMF Industries executive vice president, said. “We are excited to be part of a strategy that empowers manufacturers and drives sustainable economic development for the long term.”
PMF Industries manufactures specialized metal containers for the aerospace, defense, food processing, microelectronics industries, nuclear fuel containment, and power generation industries.