Plans by a German manufacturer of bullet jackets and other ammunition components to open a factory in the Village of Falconer advanced after Orchard Park developer Krog Group won nearly $580,000 in tax breaks from Chautauqua County to buy and renovate the former Truck-Lite manufacturing plant.
Krog plans to spend $3.3 million to buy the 27-acre former Truck-Lite manufacturing plant at 310 E. Elmwood Ave., which has been vacant since Erie, Pa.-based Truck-Lite closed and cut 97 jobs in 2020. The developer plans to renovate the 160,000-square-foot facility and hopes to lease it to ND PressTec US, a subsidiary of ND PressTec Gmbh.
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That company is one of the world’s leading suppliers to small- and medium-caliber ammunition manufacturers, specializing in the cups and discs needed to make ammunition of up to 20 millimeters in size.
It’s now owned by management and its ultimate parent, Nammo AS of Norway, an international aerospace and defense company that specializes in producing ammunition, rocket engines and space applications.
The County of Chautauqua Industrial Development Agency approved $577,743 in property, sales and mortgage-recording tax breaks over 15 years for the project, along with a $900,000 AL Tech/EDA loan. The purchase is expected to close in the second quarter, and renovations would begin immediately, with completion after six months. ND PressTec could begin operations later this year,…
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