Medina Journal-Register — ALBION — BoMET Holding Inc., headquartered in Cambridge, Ontario, Canada, is marking its first expansion into the U.S. marketplace. The International non-ferrous scrap metal recycling corporation — with holdings in Canada and China — will diversify its business model into electronics recycling at a new 60,000 square foot facility in Albion. BoMET has purchased 152 McKinstry Street and plans to add 30 jobs at the Orleans County site, to be named BoMET Recovery LLC.
James Whipple, CEO/CFO of the Orleans Economic Development Agency stated, “The OEDA offered 152 McKinstry to BoMET at a very competitive price, along with a property tax abatement package and a loan package for the facility’s manufacturing equipment.”
Whipple expanded, “The addition of BoMET Recovery in Albion is another example of how we welcome new industry, cut through the red tape and get projects up and running in Orleans County. We have an active local incentive program and excellent relationships with our economic partners at the state level.”
BoMET CEO Zhan Bo Zhang said, “When I began to consider diversifying BoMET’s business model into the United States, Albion’s proximity to our Cambridge facility was certainly a consideration but I was also prepared to go to other states or other regions of New York. It was my dealings with the OEDA that cemented my decision to locate in Orleans County.”
Bo Zhang said, “From start to finish, their knowledge, expertise and guidance gave me the confidence that BoMET Recovery would be successful there. Orleans is manufacturing friendly, known for its workforce and how welcoming they are to new business. We are excited about this new operation and, I believe, this is only the start of great relations between us.”
BoMET Recovery will be the main electronics-recycling center for BoMET Holding Inc. and the company’s first physical operation in the United States. Whipple added, “BoMET’s business model fits perfectly into our industrial setting and we are certainly not new to Canadian businesses. Orleans County is already home to four Canadian manufacturers. BoMET will be the fifth and we have another Canadian firm preparing to locate here.”