Indiana-based Aluminum Insights has announced a $17.5 million investment in a new, state-of-the art aluminum extrusion facility in Syracuse, Ind. The company’s equipment will be installed in a new 76,000-square-foot building, which features 500 kilowatts of rooftop solar and 8 acres of native grassland and trees surrounding the plant.
This investment will enable the company to serve a select group of customers in the Upper Midwest to support their extrusion needs, integrate seamlessly into their supply chain, and partner in innovation, according to the company.
The extrusion press, made by Italy-based Presezzi Extrusion Group, is a world-class, 2,920-ton, 8-inch press line that includes the latest in automation and mechanical technology and advanced safety features. In addition to the highly automated press line, Aluminum Insights operates several CNC fabrication work cells that include routing, cutting and machining of extrusions.
Based on Aluminum Insights’ job creation plans, the Indiana Economic Development Corp. (IEDC) committed an investment of $825,000 in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made.
“Bringing equipment of this caliber to a new facility designed specifically for this purpose will enable us to operate at a very high level from inception,” said Jeff Miller, Aluminum Insights CEO.
“For those in our surrounding communities interested in learning something new, this business creates unique opportunities to be part of a world-class team and world-class extrusion operation.”
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