"This significant capital investment into Coventya's world-class production facility expands throughput, but more importantly enhances our ability to continue manufacturing high-quality electroless-nickel components that our customers and industry have relied on for success," said Coventya in a press release. "Additionally, the improved manufacturing capabilities provided offer better efficiencies, higher levels of safety, lower freight costs and improved delivery times for customers." 

The statement continued: "This move also keeps our Oriskany, N.Y., facility focused as the Coventya Global R&D center of excellence for electroless nickel and data storage technologies. Our electroless-nickel technical service and customer service departments will also continue to support our business from this location."