Federal Metal Company to invest $17.8 million into new Arkansas manufacturing facility
March 16, 2023
The company, which specializes in copper-based cast alloys, will invest $17.8 million to build a new plant where aluminum copper radiators will be recycled.
The Federal Metal Company has announced plans to build a new manufacturing facility in North Little Rock, Arkansas. The company, which specializes in copper-based cast alloys, will invest $17.8 million to build a new plant where aluminum copper radiators will be recycled. The project will also generate 40 new jobs and allow the company to recycle more than 3,000 metric tons per month.
In a recent quote, Peter Nagusky, Federal Metal’s President and CEO, said, “Major investments in new mill, foundry, and refining capacity are underway in the United States for the first time in generations, and it’s important the scrap industry here keeps pace to assure the domestic supply chain is well fed. It is wasteful when valuable scrap like these radiators are exported [to support non-U.S. manufacturing]. Companies producing semi-finished copper and aluminum will need to increase the recycled content of their products by using more scrap and less primary metal. The main reasons are clear: it is economically advantageous and environmentally sustainable.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.
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