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Plans by Southern Aluminum Finishing Company (SAF) to construct a manufacturing facility at Stillwater Business Park have been put on hold, the company and city of Redding announced today.
Continued depressed conditions in the commercial construction market for 2011, and projections of weak growth in 2012, led to the decision by the Atlanta-based company.
Although a significant investment already had been made in planning and design of the new facility, SAF felt it was prudent not to expand at this time, according to company Vice President James McClatchey. He said SAF will continue to operate its existing facility in Redding with the prospect of expanding that operation in the future.
SAF had proposed to construct a 50,000-square-foot building with two additional buildings at a later date. The facility was to be located on 16.75 acres in the business park and create as many as 50 jobs.
-from press release