$21.7 Million Investment Creates 78 New Jobs
Gas pressure vessel manufacturer CP Industries is celebrating a $21.7 million investment in the Pittsburgh region as it expands its manufacturing operations in the City of McKeesport, Allegheny County. The company has called this region home since 1897 and chose to remain in Pennsylvania over offers from several states.
With their investment, CP Industries will build a new 25,000-square-foot facility at their McKeesport site and add equipment to more than triple its composite cylinder production, facilitating sales to its key customers in alternative fueled on-board transportation. The company will also upgrade its steel cylinder operations with new equipment, boosting production capacity by 50 percent and supporting significant sales growth. The project creates 78 new jobs over the next five years while retaining 115 existing, full-time positions.
Stefani Pashman, Chief Executive Officer of the Allegheny Conference on Community Development – the organization that oversees regional economic development through its affiliate, the Pittsburgh Regional Alliance – offered this perspective on the news:
Learn more about what differentiates the Pittsburgh region as a compelling investment destination for companies focused on developing solutions for tomorrow – today – across industries that include advanced manufacturing, energy, and more.
