, a Berwick-based manufacturer, is purchasing a new facility and creating at least 50 jobs to support its new product line: machining, assembling and painting pumps for the natural gas industry.
The state Department of Community and Economic Development (DCED) announced that K-Fab will invest more than $2.4 million in renovations, infrastructure improvements, new equipment and employee training. The state also said that K-Fab has committed to creating at least 50 new jobs within the next three years while retaining its 266-member workforce.
Founded in 1969, K-Fab is a sole source manufacturer of material processing, fabrication, machine assembly and paint. Besides pumps used in the Marcellus Shale industry, K-Fab serves the automotive sector and makes parts for bearings, pumps, valves and pipelines. "[Our] capabilities range from parts you can hold in your hand to parts weighing tons," the company says.
K-Fab's expansion will be funded, in part, with financing from DCED that includes $100,000 in Job Creation Tax Credits, a $100,000 Pennsylvania First grant, $22,500 in guaranteed free training and a $750,000 loan from the Machine and Equipment Loan Fund. The Governor's Action Team
, working with the Berwick Industrial Development Association
, coordinated the package.
Source: Department of Community and Economic Development
Writer: Elise Vider