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HUNTINGDON (September 27) — Huntingdon Industrial Development Board facilitated the additional expansion of jobs at Gränges, an aluminum-processing manufacturing plant in …
HUNTINGDON (September 27) — Huntingdon Industrial Development Board facilitated the additional expansion of jobs at Gränges, an aluminum-processing manufacturing plant in Huntingdon.
Through a state grant and support by the Huntingdon IDB, the company now plans to add 65 jobs to the original 100 new jobs announced last year.
The Swedish-based company purchased the assets to the bankrupt Noranda in Huntingdon and promised the State and local officials it would expand. Along with the increase in jobs, the state also increased its grant at the 400 Bill Brooks Drive location. A new casting house is being constructed on site.
The announcement was made last week by Huntingdon Mayor Dale Kelley and Brad Hurley, president of the Carroll County Chamber of Commerce.
Demand for the products produced in Huntingdon is very strong and has increased further after import duties have been imposed on rolled aluminum products from China.
In September 2017, the company released the following statement
Gränges will invest USD 110 million to expand its aluminum rolling operation in Huntingdon, Tennessee meeting growing demand for light gauge foil, automotive heat exchanger materials, and heating, ventilation and air conditioning (HVAC) applications. The expansion will create 85 permanent full-time jobs, solidifying Gränges commitment to its North American customers and the markets they serve.
“The expansion in Huntingdon marks the next step in our strategic growth plan for the North American market. Gränges has built a strong reputation in the aluminum rolling industry, and this expansion allows us to further support our customers’ growth”, says Gränges CEO Johan Menckel.
The expansion includes investment in buildings, casters, cold rolling mills, annealing furnaces and slitters. This further positions Huntingdon as one of the most modern and efficient rolling mills in North America. When completed, the capacity in Huntingdon will increase from about 160 ktonnes to nearly 200 ktonnes per year.
“The investment represents a long-term commitment to our customers, employees and shareholders as we grow in support of our strategic markets”, says Gränges Americas President, Patrick Lawlor.
The expansion was supported by Tennessee (TN) Governor Bill Haslam, the TN Department of Economic and Community Development, Tennessee Valley Authority, and local Huntingdon Officials.
“In Tennessee, we take pride in the fact that our hardworking residents still make things,” TN Gov. Bill Haslam said. “The Gränges facility is a vital part of the Carroll County community and I’d like to thank Gränges for committing to create new jobs in Huntingdon and bringing us closer to making Tennessee the number 1 location in the Southeast for high quality jobs.”
The project is estimated to take about two years to complete and contribute positively to Gränges operating profit in 2019. This will be the second major investment in Huntingdon since 2000 strengthening Gränges’ focus on foil and automotive heat exchanger products.