Alton Steel announces $4.75 million expansion; expected to be done in 2018
1 August 2017
Alton Steel, Inc. on Monday announced a $4.75 million expansion to the facility expected to be completed by early 2018.
The Alton-based company’s board of directors has approved the installation of bar-in-coil capability at the Alton facility, 5 Cut St., the company announced in a press release. The expansion complements the current offering of hot-rolled, cut-to-length SBQ bars and boosts support for customers in the cold drawn steel bar industry, as well as other manufacturers who use coiled bar as raw material, the release said.
Installation of the Garrett coiler will provide customers a wide size range of coiled bar, from 0.750-inch through 1.812-inch diameter, with coil weights of approximately 5,000 pounds.
“We are excited about this opportunity to expand our operations and thankful to the Board for their investment and commitment in Alton Steel, Inc. and its employees,” James Hrusovsky, President and CEO, said.
The coiler will be installed adjacent to the existing rolling mill without impact to ongoing production. The project is expected to be completed in first quarter of 2018.