Matalco opens aluminum plant
Matalco, a sister company to recycling firm Triple M Metals, headquartered in Brampton, Ontario, has opened its secondary aluminum plant in Lordstown, Ohio. The company broke ground on the plant Sept. 17, 2014, and construction started the following month.
Matalco says it has been in startup mode since March, producing aluminum billet.
The facility, roughly 225,000 square feet in size, will consume primarily aluminum scrap, along with some aluminum P1020 ingot, to produce either log or cut-to-size billet, according to Robert Roscetti, vice president of Matalco U.S. Inc.
Roscetti says the northeastern Ohio location is ideal because of a combination of factors, including proximity to existing and prospective customers; an excellent incentive package offered by the state of Ohio, which included property tax and income tax credits and grant money; on-site rail; and excellent highway access.
Triple M Metals will provide Matalco’s Lordstown facility with sourcing and procurement services, which, according to Roscetti, will assure the plant a ready and stable supply of aluminum scrap while “representing a significant advantage that Matalco has over its competitors.”
He adds, “Thus far, Matalco is on track to achieve its first year forecasted production target of 90 million pounds. The market remains stable with good demand, which we feel will continue into 2017.”
When the Lordstown plant is fully operational, Matalco says it will be the largest producer of high-quality secondary aluminum billet in North America. The company also operates a facility in Canton, Ohio, as well as one at its Toronto headquarters. Across these locations, the company says it will produce more than 700 million pounds of finished aluminum product per year.
AMG Resources buys stake in stainless recycler
Pittsburgh-based AMG Resources Corp. has announced its affiliate’s acquisition of a 50 percent interest in Allegheny Raw Materials LLC (ARM), a processor and marketer of stainless steel, alloys and other specialty scrap metal products.
“Allegheny Raw Materials has an unmatched reputation in the scrap industry for delivering value-added products and services to its specialty customers and will be a tremendous complement to AMG, which has a strong focus on supplying known-analysis scrap and other specialty products,” says Eric Goldstein, president of AMG Resources. “This transaction will strengthen both ARM and AMG and enable both to better serve their customer bases,” he adds.
ARM, also based in Pittsburgh, operates five scrap processing facilities in western Pennsylvania and a ferrous and nonferrous scrap brokerage business. In addition, ARM’s mill services division develops and delivers specialty blends and optimized least-cost charges and performs on-site processing, handling and testing services for specialty steelmakers.
ARM President Damian Eonta says, “Aligning with AMG, which is renowned for its national and international marketing capabilities and particular expertise in servicing specialty scrap markets, will enable Allegheny Raw Materials to further grow its processing, brokerage and mill service businesses and to better serve its customers.”
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