Scotia Sealed Air closing Glenville plant, 70 jobs lost The Business Review by Adam Sichko, Reporter Date: Friday, February 10, 2012, 8:11am EST - Last Modified: Friday, February 10, 2012, 9:59am EST
Sealed Air Corp. , which makes Bubble Wrap and a range of other packing materials, will shut down its Glenville plant and eliminate all 70 jobs there. Sealed Air (NYSE: SEE), based in New Jersey, plans to close the plant in mid-May, according to paperwork filed with the state. Sealed Air has been at the Glenville Business and Technology Park for more than 20 years, leasing 300,000 square feet from Galesi Group at last count. The company reported 100 employees there in 2008 when it signed a new, seven-year lease. Most of the Glenville work is moving to a plant in Louisville, Ky., where Sealed Air will invest in new technology and operate 24 hours a day, a spokesman said........................>>>>>..................>>>>>..........................................http://www.bizjournals.com/albany/news/2012/02/10/scotia-sealed-air-70-jobs.html
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
Albany area adds 4,300 private-sector jobs in December
The core Capital Region market had a net gain of 4,300 private-sector jobs between December 2010 and December 2011, according to updated state data released Thursday. The net growth came at a faster clip than all of upstate, and it equaled the 1.3 percent pace for the entire state. The growth was also large enough to absorb losses in government and public-education jobs. In past months, losses in the public sector had negated any gains coming from business and nonprofits. The data cover the Albany-Schenectady-Troy metro area, which includes five counties: Albany, Rensselaer, Saratoga, Schenectady and Schoharie. The strongest growth over the one-year period came from a category including construction and mining. The sector added 1,800 jobs from December 2010 to December 2011, an increase of 11.4 percent. Health care employers added 1,500 jobs, a 2.4 percent increase. A sector including scientific and technical jobs added 1,000 positions, a 3.4 percent increase. Manufacturing and hospitality were among other sectors with net increases in jobs. Retailers led the way in losses, dropping a net of 1,600 jobs, a 3.4 percent decline. State government cut 1,200 jobs over the year, a drop of 2.4 percent. Companies in the Glens Falls metro area, covering Warren and Washington counties, posted a net gain of 800 jobs—a jump of 2 percent.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Sealed Air will move these jobs to Louisville, KY, invest their money and run 24 hrs a day. This should have sent a red flag to the "Plex" ...isn't Galesi on their payroll (or the 'under the table payment plan').
Going to be hard for Galesi. A 20 year tenant gone, Plex money running dry...
Gillen must be hiding under a desk somewhere.
Louisville must have a better development planner.....
There's enough negativity in Schenectady to make Christ turn to atheism!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
There's enough negativity in Schenectady to make Christ turn to atheism!
Only if Schenectady was populated by a bunch of Norman Vincent Peale's who convinced themselves violent crime, failing schools, crumbling infrastructure, and oppressive taxation is positive.
So exactly what was the return on the metroplex/empire zone investment?
Quoted Text
Safway relocated so that Sealed Air Corp. could move into Building 202 as part of its own expansion plans, said Galesi Chief Operating Officer David Buicko. Sealed Air signed a new lease agreement with Galesi in return for $2 million in renovations to Building 202. Sealed Air employs 100 people at the Glenville facility. http://rotterdamny.info/m-1184155523/s-150/
NEWS RELEASE For Immediate Release _________________
Contact: Ray Gillen, Metroplex
(51 377-1109
(51 461-7137 (cell)
Schenectady County Announces New Lease, $2 Million Investment at Sealed Air
Schenectady, N.Y. - December 11, 2008 - Schenectady County's Metroplex Development Authority today announced that Sealed Air Corporation has signed a new seven year lease at its 300,000 square foot facility at the Glenville Business and Technology Park. The new lease includes approximately $2 million in upgrades to the company's Glenville Plant.
Susan E. Savage, Chair of the Schenectady County Legislature said, "Creating and maintaining job opportunities in Glenville and throughout Schenectady County remains our priority. We're fortunate that Sealed Air will continue to be a part of our local economy."
"We believe Glenville offers an ideal place for our employees to live and work and we are grateful for the assistance we have received from Schenectady County in helping us maintain our business in this region," said Earl Booth, Supply Chain Coordinator for Sealed Air. "We have had operations in Schenectady County for more than 17 years and know the benefits of living, working and operating a business in Upstate New York."
Sealed Air is a leading global innovator and manufacturer of a wide range of packaging materials and performance-based materials and equipment systems that serve an array of food, industrial, medical industries and consumer applications. The company meets the packaging needs of customers around the world through a network of 100 manufacturing plants and operations in 51 countries. Sealed Air is well known for its Bubble Wrap® brand cushioning and Cryovac® packaging technology.
Founded in 1960, Sealed Air is a leader in the development of lighter, more environmentally friendly packaging products. The Glenville plant produces foam molded packaging products. It employs 100 workers at the Glenville Business and Technology Park located right at Exit 26 of the NYS Thruway.
"We are very pleased that Sealed Air has committed to remain in Glenville," said David M. Buicko, Chief Operating Officer of the Galesi Group. "We will continue to work with the County to make strategic investments in the Glenville Business and Technology Park so we can continue to attract new tenants and new jobs."
The Glenville Sealed Air Plant is owned by the Galesi Group. The Galesi Group will invest approximately $2 million to upgrade the Glenville plant.
Metroplex will provide a $100,000 grant toward building upgrades.
Metroplex Chair and Commissioner of Economic Development and Planning in Schenectady County Ray Gillen said, "We are very pleased that Sealed Air has signed this new lease and that the company's major production facility in Glenville will be upgraded."
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Logged
377-1109 
