Matalco to build $53.5M aluminum ingot plant in Franklin, Kentucky

Matalco Kentucky LLC will invest $53.5 million to establish a brownfield remelt rolling ingot facility in Franklin, Kentucky, creating 60 jobs. The facility will produce alloyed ingots from recycled aluminum and is expected to be operational by mid-2022 with annual capacity of 270 million pounds.

“This investment demonstrates our continued commitment to serve our customers, expand our market share and is in direct response to the growth and demand that we are experiencing with our products and services.”newkentuckyhome.ky.gov

• 2 sources
• newkentuckyhome.ky.govMatalco to Locate First Kentucky Operation in Franklin | Kentucky Cabinet for Economic DevelopmentMar 18, 2021
• spglobal.comMatalco to build aluminum casting plant in Kentucky: company | S&P GlobalJustine CoyneMar 23, 2021

Summarized from public sources; check the original articles before acting on it.