Dresser-Rand Expanding R&D Operations

Dresser-Rand will invest $9.6 million in its research and development operation in Olean.

The investment is expected to retain 787 jobs at the manufacturing plant, and add another 50 jobs by early 2014.

Dennis Mullen, chairman and chief executive officer of Empire State Development, says the project is important because commercialization of products often occurs where R&D is located.

http://www.empire.state.ny.us/

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