Cronimet, a leading stainless steel scrap recycler, is reportedly planning to open a new stainless scrap recycling plant at its Pensacola, Florida facility.
The company will invest approximately US$5 million over the next five years to create jobs in the Pensacola Bay Area.
Cronimet Corporation hopes to expand to meet demand in the industry and maintain the highest standards.
According to sources, the new facility is scheduled to be operational in early November 2011.
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