General Broach seeks tax abatement 10.31
Morenci’s General Broach Company is seeking a tax abatement for the purchase of new equipment relating to the firm’s work in the aerospace field.
A public hearing is scheduled at 7:30 p.m. Nov. 12 to consider granting an Industrial Facilities Exemption Certificate on the purchase of $1.76 million. The investment is expected to bring 10 additional jobs to the company.
Grinding machines make up the majority of the new equipment, said plant manager Larry Stover. In addition, some new inspection equipment was purchased for aerospace accounts.
“It’s grown huge,” Stover said about the contracts for aircraft engine parts.
General Broach is also building equipment used to produce the parts.
Stover said General Broach is already working with domestic companies including Pratt and Whitney and GE, but they are also receiving inquires from the British firm Rolls Royce and from a French aeronautics company.
Employment at General Broach stands at an all-time high of 74 people, more than double the number of workers when Stover was hired in 1978.
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