# 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.

- Type: New facility
- Announced: 2021-03-18
- Where: Franklin, Kentucky, United States
- Value: $53.5M
- Jobs: 60
- Starts operating: Q2 2022
- Status: announced
- Capacity: 270 million pounds of aluminum ingots per year
- Products: aluminum ingots
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Matalco](https://endata.com/companies/29685.md)
- [Giampaolo Group of Companies](https://endata.com/companies/53997.md) (investor)

## Sources

- [newkentuckyhome.ky.gov](https://newkentuckyhome.ky.gov/Newsroom/NewsPage/20210319_matalco), 2021-03-18: "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."
- [spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/metals/032321-matalco-to-build-aluminum-casting-plant-in-kentucky-company), 2021-03-23: "The new facility, to be built on a brownfield site, will have the capacity to produce 275 million lb/year and will produce rolling slabs initially."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.