Global Scrap Management Opening Aluminum Ingot Plant

Global Scrap Management (GSM), Milford, Ohio, has announced plans to open an aluminum ingot production facility in Batavia, Ohio. The company says that its new division, known as Altimet, will install new melt technology that will allow the company to provide higher yields and reduce the cost of transforming scrap into aluminum ingots.

GSM, founded in 2003, specializes in processing industrial aluminum machining scrap, including turnings. The company began as a scrap broker before expanding its services to include the production of aluminum ingots.

GSM’s new facility will use around 300,000 square feet at a former Ford Transmission plant in Batavia. Financing for the facility was secured through National Bank and Trust, Wilmington, Ohio. The company also received assistance from the Small Business Administration and several other county and state agencies. The project is expected to create and maintain nearly 50 jobs in the area.

“Our expertise, technology and focus on customer service have allowed us to grow during a difficult economic period,” says Chris Hamm, GSM’s president. “We anticipate this expansion will provide a footprint for increased efficiency and continued growth.”

Hamm says the company is having a furnace shipped to the site, possibly as soon as the first week of September. Other steps that need to be taken, including the installation of a baghouse, also are being completed. “We should be melting by this November (2011),” Hamm says. “We just received an air permit from the Ohio EPA.”

Hamm says the space at GSM’s facility is large enough that additional furnaces can be installed when demand is warranted. He says the furnace will be one of the most sophisticated in the market. “It is one of the newer furnaces, and it has been designed to handle aluminum chips.”