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.. . <br />STATEMENT FOR THE 2007 PROJECT <br />FOR TAX ABATEMENT <br />The project involves an investment in new manufacturing, servicing, processing and material <br />handling equipment, thatwillincreasePetitioner'sproductioncapacityin several ofPetitioner's areas <br />of focus. It will also improve Petitioner's ability to meet customer demand for products currently <br />beyond Petitioner's production capacity. The project is expected to create up to five new full time <br />jobs with an annual payroll increase of approximately $156,000; and to help the Petitioner retain 446 <br />existing full time jobs, with salaries in the range of $31,200 per year. <br />Petitioner is a steel service center with a primary focus on flat rolled, low carbon steel. Its <br />operations involve slitting, leveling, pickling, shearing, temper rolling, cold reducing and production <br />of profiling parts through plasma and laser cutting. The proposed project will allow Petitioner to <br />expand its production capacity of flat rolled steel in both leveling of steel coils with narrow widths, <br />and pickling of steel coils with heavier gauges. <br />&xpC`FS <br />~UL _ 5 2001 <br />A ~~' L <br />4 Jnr;r; v.~~...~ <br />r ~D. E:~TD, IK <br />