Spectro Alloys Expands Rosemount, Minnesota, Operations
19 December 2017
Aluminum recycler Spectro Alloys Corp. will invest $5.8 million to expand its production facilities in Rosemount, Minnesota.
The company plans to install two aluminum furnaces inside a new, fully-enclosed 5,000-square-foot building addition, resulting in reduced noise levels from the facility and process efficiencies.
As an incentive, Minnesota Department of Employment and Economic Development (DEED) is supporting the project with a $146,007 grant from the Job Creation Fund. The company will receive the grant once it has met investment and hiring commitments.
“Spectro Alloys is a growing Minnesota company that prides itself on efficiency and environmental stewardship,” said DEED Commissioner Shawntera Hardy. “This Job Creation Fund investment will allow the company to expand its already robust and innovative aluminum recycling operations.”
Spectro Alloys says it operates one of the most efficient, large-volume aluminum recycling plants in the country. The company buys aluminum scrap and produces high-quality aluminum alloys for foundries and die casters worldwide.