BY JON CRONIN
S&L Green Aerospace Metal, LLC in Flushing will be expanding onto land owned by NYC Economic Development Corporation and City property, after unanimous Borough Board approval this past Monday.
Ted Varvatsas, executive vice president of S&L, said the company began in Brooklyn in 1947 as a Bicycle parts manufacture and since grown being key supplier to the aircraft industry manufacturing and testing since 1967, machine assembled parts for the military, landing gears for diff appl, hydraulics and straightforward machine assemblies.
He added that the expansion will aid making them more lean, “This way we’re more competitive in the market we’re in today, as well as reducing cost in a competitive market.”
The 10,000 square foot building on EDC property will be renovated and attached to a 24,000 square foot building on the city parcel. The two parcels are estimated together at $3.2 million.
Councilman Paul Vallone (D-Bayside), said, “This is the perfect reason we have community boards.” He said the EDC owned property has been a concern in the messy area since he came into office and noted that the previous owner of the property did not take care of it as the community wanted. He added, “This is the right person for the right deal.”
Councilman Peter Koo, was interested in the complete demographics of the company’s staff.
Varvatsas informed him that they currently have a staff of 86 and anticipate an additional 25 after the project is completed. He said their employees make approximately $24 an hour and live in within approximately 10 to 12 miles of the site.
He noted that it is hard to find technical help in the city and people who want to work in manufacturing, Varvatsas said Long Island may be an easier place for to find that kind of workforce because they have more aerospace manufacturers.
Answering, once again, Koo’s question on ethnic demographics, he approximated Asians to make up 30 to 35 percent, people from Slavak countries 25 percent, Hispanics and African American 10 to 15 percent.
Varvatsas told Koo that the company’s total revenue is approximately $26 million a year.
Reach Reporter Jon Cronin at (718) 357-7400 x125, email@example.com or @JonathanSCronin