Spectro Alloys Corp., Rosemount, Minnesota, has announced it will invest $5.5 million to expand recycling capabilities at its Rosemount aluminum recycling facility.
The investment will add jobs, expand recycling capabilities and improve melting safety and efficiency - reducing gas and electricity needed in the recycling process, says Spectro Alloys. The project, which will be implemented by mid-2018, includes a new building addition that will house a 21-ton rotary furnace capable of melting a wide range of aluminum scrap. It will incorporate new technology, including a filtration plant that will reduce emissions from the recycling process, according to the company.
“We are now hiring to fill 10-plus new full-time production and maintenance positions as a result of this expansion,” says Spectro Alloys. “Spectro plant employees average over $50,000 in gross wages, with excellent health benefits, 401(k) matching and profit sharing bonuses. The planned expansion has received support from the state of Minnesota’s Job Creation Fund, which provides a grant once investment and job creation goals are met.”
This investment will allow Spectro to recycle a wider range of locally and regionally sourced aluminum products, improving the environmental footprint of recycling in Minnesota even further, the company says.
Spectro Alloys President Luke Palen says, “We are committed to investing in programs and technology that support the domestic aluminum supply chain, build value for our customers and suppliers, and improve our environment. This is phase one of a multiyear investment plan aimed at achieving those goals. Much more to come.”
Aluminum recycled at Spectro Alloys is shipped to regional die casters and foundries and made into new products, including lawn mower engines, ATV components, car parts and other products.