Aluminum-processing firm announces $100 million facility in Lordstown

Matalco Inc., a leader in the production of remelt, extrusion grade aluminum billet and forging stock, announced in late July that it will construct a new state-of-the-art billet manufacturing facility in the Ohio Commerce Centre on Tod Avenue in Lordstown.

Matalco will invest more than $100 million to construct a 200,000 square foot manufacturing plant and equip the new facility with advanced technology to service existing customers and expand market share.

At full capacity, the Lordstown facility will employ approximately 60-80 permanent, full-time personnel with annual production of 350 million pounds of various series, high-quality aluminum billet.

“The Matalco announcement has been a long time coming as the Chamber has been working with Matalco leadership for over a year and a half,” said Sarah Boyarko, the Chamber’s vice president for Economic Development, North America.

“Securing this investment for the Village of Lordstown involved several economic development partners, including state and local officials. This is a big win for Trumbull County and further evidence that the Mahoning Valley’s economy is strengthening,” Boyarko said.

Construction on the new facility will begin in the coming months and is expected to be fully commissioned by early 2016.  A groundbreaking ceremony is scheduled for Sept. 17.

“…After a lengthy selection process, we decided on Lordstown as the site of our new plant because of its location relative to our market, its exceptional workforce and the comprehensive incentive package and assistance provided from both the state and local levels. Overall, we are excited to be part of this progressive community as this will bring new jobs and opportunities to the region. ” said Armand Sanguigni, president, Matalco Inc.

Matalco Inc. is a producer of high-quality extrusion grade billet and forging stock manufactured primarily from scrap aluminum. Matalco Inc. has two plants located in Brampton, Ontario and Canton, Ohio, with a combined annual production capacity of 350 million pounds of billet. The company’s website is www.matalco.com

For more information, contact Robert Roscetti, director of Corporate Development, at rroscetti@matalco.com  or 905-790-2511 ext. 3205 or Sarah Boyarko, Regional Chamber, at 330-744-2131 ext. 17 or sarah@regionalchamber.com.

 

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