Newco looks to open smelter in Indiana

Scrap metal firm will meet with zoning board about project.

October 4, 2019

According to a published report, Newco Metals Inc., an Indiana-based metals recycling company, is scheduled to meet with the Ingalls, Indiana, Board of Zoning Appeals (BZA) in October to petition for a permit to build and operate a smelting plant in the city.

According to the Pendleton Times Post, the company previously requested a variance to build a new scrap metal facility but has changed its request to a smelting facility to better reflect the activities that would take place there.

In August, a legal representative of Newco Metals approached the town council requesting an amendment to extend a tax abatement resolution for the development and was informed that the council would not act on any request until there was approval from the BZA.

The town has added a note about the Newco expansion to its website at, asking for people with concerns about the development to submit them at

The note states emails and information will be collected and given to the BZA prior to its meeting later this month.

Newco Metals was founded in 1986 as a metal trading company supplying aluminum billet to the extrusion industry and trading in the primary aluminum industry. According to the company’s website in 1987, Newco started trading in the automotive and die casting industries and moved its office northeast of Indianapolis to a 12-acre scrap purchasing, processing and trading facility. It operates two balers, shake-tables, roll-offs and semitrucks, spectrographic and X-ray analysis, radiation detection and surveillance equipment.