# Matalco invests $53.5M in new aluminum remelt facility in Kentucky

Matalco Inc. is investing $53.5 million to build a new remelt facility in Franklin, Kentucky, that will produce 270 million lbs of aluminum alloy billet and slab per year. The company ordered furnaces from Gillespie & Powers Inc. for the site.

- Type: New facility
- Announced: 2021-05-11
- Where: Franklin, Kentucky, United States
- Value: $53.5M
- Starts operating: Jul 2022
- Status: under construction
- Capacity: 270 million lbs of aluminum alloy billet and slab per year
- Products: aluminum alloy billet, aluminum alloy slab
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Matalco](https://endata.com/companies/29685.md)
- [Gillespie & Powers](https://endata.com/companies/38696.md) (supplier)

## Sources

- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/casthouse/matalco-orders-aluminum-furnaces-for-new-kentucky-site/), 2021-05-11: "Matalco Inc., a division of the Giampaolo Group of Companies, is currently investing $53.5 million in the construction of a new remelt facility in Franklin, Kentucky."

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