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Lawmakers: Gun co. plans $20M upgrade at NY plant
wsj ^ | March 8, 2013

Posted on 03/08/2013 6:26:57 AM PST by JoeProBono

ILION, N.Y. — A group of New York state lawmakers says they've been told by Remington Arms that the company plans to spend $20 million upgrading its gun manufacturing plant in the Mohawk Valley.

Local media outlets report that three senators and three Assembly members met with Remington officials on Wednesday to discuss what they could do to ensure the company keeps its plant in the Herkimer County village of Ilion, where Remington employs about 1,200 people.....

(Excerpt) Read more at online.wsj.com ...


TOPICS: Chit/Chat
KEYWORDS: banglist; gun; guncontrol; secondamendment

1 posted on 03/08/2013 6:26:57 AM PST by JoeProBono
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To: JoeProBono
told by Remington Arms that the company plans to spend $20 million upgrading its gun manufacturing plant in the Mohawk Valley.

Google tells me that Mohawk Valley is still in the state of N.Y.

Disappointing...

2 posted on 03/08/2013 6:29:55 AM PST by grobdriver (Vivere liberi aut mori)
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To: JoeProBono

If Remington was smart they wold pack up their stuff and move to the south where people still have their sanity.


3 posted on 03/08/2013 6:31:55 AM PST by BobinIL
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To: JoeProBono
three Assembly members met with Remington officials on Wednesday to discuss what they could do to ensure the company keeps its plant in the Herkimer County village of Ilion

Massive tax breaks? Opt out of Obamacare?

4 posted on 03/08/2013 6:35:24 AM PST by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: BobinIL

Take the upgrade, fold, and move, selling at a higher profit then before the payoff.


5 posted on 03/08/2013 6:47:10 AM PST by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: JoeProBono

Long time Remington fan but look elsewhere now for bolt actions. Perfect example of a Finance run company as opposed to an Engineering or Sales driven company. It now costs an additional $400 to $600 to clean up a 700 so it is usable. YMMV.


6 posted on 03/08/2013 6:47:42 AM PST by 03A3 (The reset is gonna be epic.)
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To: BobinIL

Exactly. They’re out of their minds if they stay there. New York is nothing but a totalitarian state now, with New York city a million times worse. And as we have seen with Despot Mike Bloomberg, anytime the state does not approve of what your company makes, they simply do this: Steal your money. If Remington wants to survive they should get the hell out of there like NOW.


7 posted on 03/08/2013 7:05:43 AM PST by GrandJediMasterYoda (Someday our schools will teach the difference between "lose" and "loose")
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To: 03A3

8 posted on 03/08/2013 7:06:31 AM PST by JoeProBono (A closed mouth gathers no feet - Mater tua caligas exercitus gerit ;-{)
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To: BobinIL

Amen to that Brother.


9 posted on 03/08/2013 7:07:47 AM PST by Venturer
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To: JoeProBono

I’ll never purchase a Remington product again.


10 posted on 03/08/2013 7:10:44 AM PST by Sirius Lee (All that is required for evil to advance is for government to do "something")
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To: JoeProBono

If I were an investor in that company, I would be very disappointed in their choice to put money into a place where their products have a limited market. It doesn’t seem a stretch to think that NY may try to limit the manufacture of some of their products.


11 posted on 03/08/2013 7:12:02 AM PST by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: JoeProBono

Shame on Remington...they will come to regret this decision.


12 posted on 03/08/2013 7:13:01 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: grobdriver
Disappointing but not surprising since Remington is owned by Cerberus Capital Management, who are trying to unload all of their arms manufacturing since the Sandy Hook massacre.
They are running scared by state pension plans threats to unload their stocks in Cerberus.
13 posted on 03/08/2013 7:17:58 AM PST by Tupelo (Old, Bald, Ugly, Fat and Broke in Arizona)
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To: GrandJediMasterYoda

I’d really like to know who that part of NY voted for in 2012 for President, who their Congressman is, etc.

I only own one Remington, a 1911R1 45ACP pistol. If this area is largely Democrat, voted for Obama and has a Democrat Congressman, it will be the very last Remington I buy.


14 posted on 03/08/2013 7:18:00 AM PST by Gaffer
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To: JoeProBono
Wonder if this is related to the expansion mentioned in this 2010 article...

ILION, NY --(AmmoLand.com)- Freedom Group’s COO, Joseph B. Gross, today announced that the Remington Arms facility in Ilion, New York, will add 100 manufacturing jobs as it relocates certain production from its Marlin factory in North Haven Connecticut. The 194-year-old Ilion Firearms Plant, which is the Mohawk Valley’s largest employer and the nation’s longest continuous manufacturer, will receive $5.9 million in building improvements, equipment and machinery investment over the next two years. The project will be supported with $1.5 million in grants from the Empire State Development Corporation, $200,000 in 2010 electricity cost subsidies, and the New York State Office of Community Renewal has earmarked a $750,000 New York State Community Development Block Grant for the project.

Or, is this expansion in addition to? Regardless, they should be moving out of, instead of expanding in, this state.

15 posted on 03/08/2013 7:20:24 AM PST by Jane Long
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To: grobdriver

I’m hoping that it’s just Remington’s way of REMINDING the NY state legislature that they COULD expand operations, or those expansions could just as well end up in another state.

Remington is not that stupid.


16 posted on 03/08/2013 7:39:02 AM PST by SJSAMPLE
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To: JoeProBono
Remington has been phoning it in since DuPont cut them loose, and a decision to stay in the nest that their elected officials have crapped in (to overflowing) is no surprise. I'd like to say that such stepping on their own genitalia is out of character, but hearing that “Freedom Group/Cerberus” Remington insists on staying behind bars is really no surprise.

If I could scrape together enough to get a Benelli M4, I’d make myself Remington-free in a - pardon the expression – New York minute... and this is coming from someone who grew up very enamored of Big Green.

Mr. niteowl77

17 posted on 03/08/2013 7:51:18 AM PST by niteowl77 (Oh, crap.)
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To: Gaffer
Well if they decide to stay there, you probably won't be able to buy one anyway because the state will run them out of business because as you know, the statists of New York has deemed that it will unconstitutionally infringed upon the 2nd Amendment.

I tell people all the time how the state runs people out of business and they can't believe it. For example here in despotic city of New York, Despot Bloomberg has instituted a system similar to the Nazis who use to tag the windows of Jewish businesses with the star of David and "Juden".

Despot Bloomberg instead tags their windows with a letter system. "A" for city approved. "B" for city approved but a less than stellar business. "C" for just passing and "D" for fail.

This is in the guise of "public health" which is complete BS because they do this to ALL businesses even if they sell newspapers and candy bars. This is so they can steal as much money as possible from a business by using extortion. "Pay us or we will tag your business telling the public to stay away." Gee, who use to do that?

Wow, this store that sells newspapers and candy sure looks "unsanitary" doesn't it?

18 posted on 03/08/2013 8:01:58 AM PST by GrandJediMasterYoda (Someday our schools will teach the difference between "lose" and "loose")
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To: Jane Long
Freedom Group’s COO, Joseph B. Gross, today announced that the Remington Arms facility in Ilion, New York, will add 100 manufacturing jobs as it relocates certain production from its Marlin factory in North Haven Connecticut. The 194-year-old Ilion Firearms Plant, which is the Mohawk Valley’s largest employer and the nation’s longest continuous manufacturer, will receive $5.9 million in building improvements, equipment and machinery investment over the next two years.

The Marlin acquisition and "expansion" has been something of a disaster so far, but maybe another $20M would fill that particular hole if they don't tamp it down too hard.

Mr. niteowl77

19 posted on 03/08/2013 8:02:03 AM PST by niteowl77 (Oh, crap.)
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To: Gaffer
My only Remington is about 50 years old


20 posted on 03/08/2013 8:30:39 AM PST by JoeProBono (A closed mouth gathers no feet - Mater tua caligas exercitus gerit ;-{)
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To: JoeProBono

I will say this. This 1911R1 is a very nice piece of work. But not enough to keep the Democrat machine in money.


21 posted on 03/08/2013 8:40:28 AM PST by Gaffer
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To: 03A3

I’ve got a few nice bolts....an 03A3, an 03A variant that appears to be a national match with a Lyman 047 sight group, an 03 and one other that is a mishmash of between war rebuilds that looks like a 1930s vintage.

The other one I like is the Winchester 1917 I have. Barrel dates out at 11/1918.....it is a very nice 30/06 shooter.


22 posted on 03/08/2013 8:43:51 AM PST by Gaffer
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