Copper producer SDI La Farga LLC has announced plans to invest $16 million to expand its New Haven, Indiana, copper recycling operation. The investment is expected to add up to 30 jobs by the end of 2021, according to the company.
The facility currently produces 180 million pounds of finished copper product per year using one furnace to melt and refine copper scrap. The expansion plan will include the addition of a second furnace to its existing facility, which will allow SDI La Farga to increase its production capacity to 250 million pounds of copper year.
“We have had tremendous growth since our inception, which is a testament to our teammates,” says Kurt Breischaft, SDI La Farga president. “This expansion will help us better serve our customers in the Midwest, and specifically in Indiana. We'll be able to operate more efficiently, ramp up our production and create more jobs in New Haven, which has been a great place to do business.”
Assisting with the expansion plan, the Indiana Economic Development Corp. has offered SDI La Farga up to $255,000 in conditional tax credits. The tax credits are performance-based and are contingent on the number of employees hired.