# 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.

- Type: Investment
- Announced: 2025-06-17
- Where: Birmingham, Alabama, United States
- Value: $285.0M
- Jobs: 80
- Status: announced
- Capacity: 25% increase in melting capacity
- Products: ductile iron pipe, spiral-welded steel pipe, fire hydrants, valves, high-frequency-welded steel pipe
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [AMERICAN Cast Iron Pipe Company](https://endata.com/companies/4999.md)
- [National New Markets Fund](https://endata.com/companies/43975.md) (investor)

## Sources

- [sds.capital](https://sds.capital/national-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-al/), 2025-06-17: "The New Markets Tax Credits, made possible through NNMF, will help us further modernize our manufacturing operations."

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