Nov. 18 will be a red-letter day for the Albany metals industry. That’s when a 1.5-million-pound “hot isostatic pressing” or HIP unit is scheduled to arrive at the building Stack Metallurgical Group is having constructed on southeast Marion Street.
A confidential deal tentatively approved by the Albany City Council in February now has become public: It’s a proposed city loan of $745,000 to the company that is building a high-pressure furnace for the special-metals industry.
[youtube video=”qmm4c8PytfY” rel=”0″] Inside a deep pit near the end of Southeast Marion Street, construction is well underway on the foundations of a high-pressure furnace for the Albany metals industry. On Tuesday I took a look at the site.