The Federal Metal Company to put new facility in North Little Rock
www.arkansasnewsroom.com
The Federal Metal Company recently announced it is expanding its footprint into North Little Rock, where the company is building a new manufacturing facility to recycle post-consumer aluminum copper radiators.
Federal Metal will invest approximately $17.8 million in the facility and create 40 new jobs within four years.
This will be the company’s first facility in Arkansas and it will be located at the former Ben E. Keith facility off Pike Avenue and in the Baring Cross neighborhood.
“Major investments in new mill, foundry, and refining capacity are underway in the United States for the first time in generations, and it’s important the scrap industry here keeps pace to assure the domestic supply chain is well fed,” said Peter Nagusky, Federal Metal’s President and CEO.
Federal Metal has already started hiring, specialized equipment is on order, and they plan to be operational mid-2023. The company will be able to recycle more than 3,000 metric tons per month of aluminum copper radiators in North Little Rock.
“We are excited that Federal Metal has selected North Little Rock as their newest location,” said Mayor Terry Hartwick. “The site housed a successful business in the past and will now be home to this 100 plus year old company for the future.”
For more information about The Federal Metal Company, visit www.federalmetal.com.
The Federal Metal Company to put new facility in North Little Rock
The Federal Metal Company to put new facility in North Little Rock
The Federal Metal Company to put new facility in North Little Rock
The Federal Metal Company recently announced it is expanding its footprint into North Little Rock, where the company is building a new manufacturing facility to recycle post-consumer aluminum copper radiators.
Federal Metal will invest approximately $17.8 million in the facility and create 40 new jobs within four years.
This will be the company’s first facility in Arkansas and it will be located at the former Ben E. Keith facility off Pike Avenue and in the Baring Cross neighborhood.
“Major investments in new mill, foundry, and refining capacity are underway in the United States for the first time in generations, and it’s important the scrap industry here keeps pace to assure the domestic supply chain is well fed,” said Peter Nagusky, Federal Metal’s President and CEO.
Federal Metal has already started hiring, specialized equipment is on order, and they plan to be operational mid-2023. The company will be able to recycle more than 3,000 metric tons per month of aluminum copper radiators in North Little Rock.
“We are excited that Federal Metal has selected North Little Rock as their newest location,” said Mayor Terry Hartwick. “The site housed a successful business in the past and will now be home to this 100 plus year old company for the future.”
For more information about The Federal Metal Company, visit www.federalmetal.com.
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