Recycler Announces ExpansionPosted: Updated:
A northeast Indiana metal recycling company is planning to expand operations and double its work force. Huntington Aluminum Inc. wants to invest $2.8 million to hire more than 40 workers and increase capacity at its headquarters by November. September 9, 2014
HUNTNGTON, Ind. - Huntington Aluminum, Inc. announced plans today to expand its operations here, creating up to 41 new jobs by 2017.
The homegrown-Hoosier company will invest $2.76 million to construct and equip a 40,200 square-foot addition to its operations at 1605 Riverfork Drive in Huntington, doubling the size of its facility by November. The company's growth will allow it to recover from its warehouse fire in April and increase production capacity to accept new orders.
"Hoosiers are marked by their resiliency and their drive for improvement, and so is Huntington Aluminum," said Eric Doden, president of the Indiana Economic Development Corporation. "After a fire earlier this year, Huntington Aluminum has come back stronger than ever, ready to double in size. Its Hoosier success story is an inspiration, proving what's possible when determination collides with the perfect environment for growth."
Huntington Aluminum, which currently employs more than 40 full-time Indiana associates, plans to begin hiring for additional manufacturing positions in October. Interested applicants may apply in-person at the company's facility.
"We are pleased that the state of Indiana, the city of Huntington and Huntington County are all helping us grow as a company right here in Huntington," said Roger Kilty, owner of Huntington Aluminum. "We were at a crossroads: either stay as we are and turn away business or expand. We've chosen to expand in Indiana."
Founded in 2011, Huntington Aluminum collects aluminum and scrap metal, melting the metal and returning it to the customer. Serving the automotive industry, the company plans to increase production to meet current customer demand.
The Indiana Economic Development Corporation offered Huntington Aluminum, Inc. up to $225,000 in conditional tax credits and up to $75,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Huntington and Huntington County approved incentives at the request of Huntington County Economic Development.
"Congratulations to Roger Kilty and the Huntington Aluminum team," said Huntington Mayor Brooks Fetters. "The company believes in our community so strongly that it is willing to brand our city’s and county's name itself into their business entity. That says a lot about Roger Kilty and the support of the entire economic development team."
"It's my pleasure on behalf of the county commissioners to offer our congratulations to Roger Kilty and his team," said Larry Buzzard, president of the Huntington County Board of Commissioners. "Our economic development team is especially eager to help locally owned industries grow. I am really impressed by the hard work being done by the Huntington Aluminum team and proud that the county contributed to their ability and desire to do business in Huntington County."
Huntington Aluminum joins PHD, Inc., a supplier of automation components for manufacturers worldwide, in making Indiana growth plans this year in Huntington. Earlier this year the Fort Wayne, Indiana-headquartered company announced plans to invest $4.18 million to equip its 76,000 square-foot production facility in Huntington, creating 22 new Hoosier jobs in the coming years.
About Huntington Aluminum
Huntington Aluminum is a locally owned corporation located in Riverfork Industrial Park on Huntington's west edge. Currently the company has $4.8 million dollars in annual sales, expected to increase to $7.5 million.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: The Indiana Economic Development Corp.