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What you need to know for 01/23/2017

Upstate Shredding gets green light to expand

Upstate Shredding gets green light to expand

Upstate Shredding – Ben Weitsman at the Port of Albany received the green light to expand its footpr

Upstate Shredding – Ben Weitsman at the Port of Albany received the green light to expand its footprint on Smith Boulevard from 18 acres to 30 acres.

The Albany Port District Commission voted unanimously Wednesday for the company to move into the additional space. Other scrap metal recycling companies including Rensselaer Iron and Steel, Inc. and Materials Recovery Company were also bidding for the site.

“We love being in the Capital District and look forward to continuing to grow, add jobs and help those within the community,” said Adam Weitsman, owner of Upstate Shredding – Ben Weitsman.

Weitsman pays $15,000 per acre at the port, according to Richard Hendrick, the port’s general manager. That brings Weitsman’s annual total to $450,000 for 30 acres. Hendrick said Weitsman is expected to move into the new space by December 31.

The company has been operating in the port for six months. Weitsman is gearing up for a new $25 million shredder, which is expected to arrive in Albany by April. He is also planning to hire 20 employees over the next couple of months.

“Our Albany location continues to grow in customers and scrap volume so having the extra space fits in very well with our current plan for new acquisitions,” Weitsman said.

Upstate Shredding – Ben Weitsman recently acquired Capitol Scrap Metal Co. located down the street from Weitsman’s site. The acquisition marked Upstate Shredding’s fourth since January.

The company is based in Owego, Tioga County with 17 locations in New York and Pennsylvania. It is one of the largest scrap metal processors in the northeast.

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