National New Markets Fund invests $20M in ACIPCO furnace upgrade in Birmingham

National New Markets Fund invested $20 million in New Markets Tax Credits to support a $285 million project at American Cast Iron Pipe Company's plant in Birmingham, Alabama, replacing a cupola furnace with four electric induction furnaces, increasing capacity by 25% and cutting emissions.

“The New Markets Tax Credits, made possible through NNMF, will help us further modernize our manufacturing operations.”sds.capital

• 1 source
• sds.capitalNational New Markets Fund Invests $20 Million in New Markets Tax Credit Financing to Support Upgrade of American Cast Iron Pipe Company Manufacturing Operations in Birmingham, ALRocio VillalobosJun 17, 2025

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