Huntington Aluminum, headquartered in Huntington, Ind., has announced plans to build and operate its first aluminum plant in Huntington. The plant, scheduled to open in July 2011, will process and melt 356 alloy aluminum scrap into ingots and sows, which will be sold on the open market. Huntington Aluminum is expected to invest more than $1.1 million on the project, which will include the purchase of a 58,000-square-foot building and processing equipment.
In a press release announcing the decision, Mitch Roob, Indiana’s secretary of commerce and CEO of the Indiana Economic Development Corp. (IDEC), says, "Indiana's economy depends on people willing to invest in seeing their big ideas succeed. We're excited that Huntington Aluminum has chosen Indiana as its home and for the positive impact it will have on this community."
Roger Kilty, president of Huntington Aluminum, says, "I want to thank the state, city and county leaders and the local economic development groups for working so hard to help Huntington Aluminum become a reality. Now that I've been through the process, I can better understand why our community and Indiana have been successful in supporting the creation of new jobs. They want me to have a successful business and appreciate how hard I'm working to make this a reality."
The IDEC has offered Huntington Aluminum up to $300,000 in performance-based tax credits in light of the company's job creation plans. The city of Huntington and Huntington County are considering county economic development income tax (CEDIT) funding to support the project at the request of the Huntington County United Economic Development.