North American Ductile Iron Co. (Nadicom) has announced plans to locate its first North American ductile iron castings foundry in Iowa City, Iowa. The project is contingent upon approval by state and local government officials. The company's U.S. headquarters are in Fulton, Md.
The Nadicom foundry will have the capacity to cast and machine large castings. The foundry’s initial focus will be on the wind turbine market. The $85 million casting facility plans to employ 175.
According to an announcement by the Iowa City Area Development Group (ICAD), Nadicom’s CEO Prasad Karunakaran said multiple factors were considered when choosing the location.
“We plan to build this operation from the ground up and wanted a location that would allow us to leverage our location to maximize productivity,” says Karunakaran. “This Iowa City site provided a central location, complete with rail and other logistical considerations and access to a world-class workforce.”
According to the release, the ICAD, the City of Iowa City and the State of Iowa have been in discussions with Nadicom since August of 2010.
Both the city and state have pledged to work with the company to begin operations by 2013, subject to final approvals at the state and city level.
Nadicom Announces Plan to Build Ductile Iron Foundry in Iowa
Foundry project is expected to require an investment of around $85 million.