Wieland, with North American headquarters in Louisville, Kentucky, says it will invest approximately $52 million in its East Alton, Illinois, casting operations to meet growing demand for sustainable flat-rolled copper and copper alloy products. The company’s East Alton operations are the center of Wieland‘s core casting and rolling processes in North America.
The Ulm, Germany-based copper and copper alloy producer says investment plans include the construction of a new casting unit and a building expansion, which will create a platform for future growth investments.
The investment project will begin in the spring of next year with an expected completion date in 2024, according to a news release from the company.
"By investing in state-of-the-art technology at East Alton, we aim to sustain and grow important partnerships with our valued customers," says Greg Keown, president, Wieland Rolled Products North America. "Additionally, these upgrades will strengthen our ability to be a lasting community partner and great place to work in East Alton, Illinois."
Wieland says the investment reaffirms its commitment to customers and end consumers, further supports its commitment to North America and is complementary to its recently announced major recycling initiative in North America.